Multinational - Institutional Support Project for the African Union: African Continental Free Trade Area (AfCFTA) Implementation (AFDB-P-Z1-KF0-059)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Apr 1, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
AFRICAN UNION
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 2.52 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported UA 3,500,000
Converted using 2019-04-01 exchange rate.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 17, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The Institutional Support Project for the African Union: African Continental Free Trade Area (AfCFTA) Implementation is deigned is to enhance the AU's institutional Capacity to implement the AfCFTA agreement. It is to help materialize an institutional structure that can best facilitate efficient service delivery and the full-scale implementation of the AfCFTA programmes. The project will also build skills, catalyse inclusiveness and ownership by stakeholders, a requisite for the successful implementation of AfCFTA. The expected outputs are Enhanced AU Institutional capacity to manage the AfCFTA implementation; Improved stakeholders inclusiveness, buy-in and ownership of AfCFTA Agreement. The project comprises two main components, namely: (i) establishment of the AfCFTA Secretariat and (ii) Roll out AfCFTA implementation programs/tools and stakeholder awareness. The Project implementation will span a period of two (2) years (April 2019 - March 2021). The overall cost implications is UA 3.5 Million (USD 4.8million).

The project objective is to establish solid Institutional Structure for the effective and efficient implementation of the AfCFTA.

The African countries shall be the direct beneficiaries of the Project. The project will help the African Union Commission (AUC) to extend support to the Regional Economic Communities (RECs) and member states, and the private sector. This is particularly in the area of capacity enhancements for the RMCs to meet implementation obligations.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

BRIGGS Inye Nathan

i.briggs@afdb.org

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.

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