INSTITUTIONAL SUPPORT PROJECT TO THE AFCFTA SECRETARIAT FOR THE CFTA IMPLEMENTATION - PHASE II (AFDB-P-Z1-KF0-073)

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
C
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
Jul 14, 2022
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 CONTINENTAL FREE TRADE AREA SECRETARIAT (AfCFTA)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 11.39 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.
Project Cost (USD)
$ 12.65 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.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Apr 15, 2023

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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.

According to the Bank’s website, the project is an institutional support operation managed by the AfCFTA Secretariat and financed from ADF-15 resources in the form of a grant of UA 8.20 million. The project will help achieve the triple objective of strengthening the capacity of the AfCFTA Secretariat to successfully conduct the negotiation for the implementation of the AfCFTA, enhancing the capacity of the private sector, with a great emphasis on transition countries, women, and youth, to trade under the AfCFTA framework, and finally improve RMC's capacities to develop their industrial base for trading under the AfCFTA. The project is structured under three components: (a) Institutional Strengthening of the AFCFTA Secretariat; (b) Support Private Sector in the implementation of the AfCFTA; and (c) Support development of climate-resilient regional and continental value chains to boost intra-Africa trade; in addition to project management. The proposed interventions will include the development and sharing of knowledge and practical insights to strengthen the capacity of both the public and private sector, as well as CSOs at national, regional, and continental levels, in implementing the AfCFTA. The Project will be implemented over a three-year period beginning in the fourth quarter of 2022 (October 2022 - September 2025).

The main objective of the Institutional Support Project to the AfCFTA Secretariat - Phase II is to enhance sustainable intra-Africa trade and RMCs' share of intra-Africa trade by scaling up the effective implementation of the AfCFTA. The Institutional Support will enable the AfCFTA Secretariat and RMCs (with particular focus on transition countries), to streamline and embed national and regional trade policy-related initiatives and move forward the African trade integration agenda through the effective implementation of the AfCFTA. This project will contribute to enhancing intra-Africa trade and Regional Member Countries (RMCs)' share of intra-Africa trade by scaling up the effective implementation of the AfCFTA.

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.

CONTACT INFORMATION

Abou FALL

a.fall@afdb.org

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBÕs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process.

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/

How it works

How it works