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

Regions
  • Africa
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
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 1, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
AFRICAN UNION
The holder of the loan, grant, or other investment.
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, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported UA 3,500,000
Converted using 2019-04-01 exchange rate.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 17, 2020


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Project 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
  • African Development Bank (AFDB)
Contact Information

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/.