The New Partnership for Africa's Development (NEPAD) Opportunities and Challenges

Saleh Nsouli and Norbert Funke

No 2003/069, IMF Working Papers from International Monetary Fund

Abstract: This paper reviews major issues involved in achieving the objectives of the New Partnership for Africa's Development (NEPAD). Using a simple framework for evaluation, the analysis highlights considerations relevant to policymakers in the areas of poverty reduction, macroeconomic policies, trade promotion, attracting capital flows, and governance and institutional reforms. The analysis also identifies risks involved in achieving NEPAD's objectives. To minimize these risks, it will be important to make some goals more operational, to further broaden and deepen stakeholder participation, to establish a sound basis for monitoring progress, to prepare contingency plans, and to harmonize the role of regional institutions with NEPAD initiatives.

Keywords: WP; NEPAD initiative; The NEPAD secretariat; African country; NEPAD framework document; NEPAD structures; NEPAD; Africa; Integration; NEPAD secretariat; NEPAD communication centers; NEPAD implementation process; international community; NEPAD heads of state; NEPAD document; Poverty reduction; Poverty reduction and development; Poverty reduction strategy; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 35
Date: 2003-04-01
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Citations: View citations in EconPapers (4)

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