The development finance landscape is changing; the sources, nature, and mechanisms are rapidly evolving: Traditional official development assistance (ODA) to Africa is dwindling but adapting; China, India and Brazil are emerging as important state players; and philanthropies and private organizations are also emerging as major players. There is now greater need for African countries to develop broad strategies for financing transformation that fit their country circumstances.
Resource mobilization and management is among eight core issues identified as vital to Africa’s economic transformation during the African Transformation Forum jointly convened by the Government of Rwanda and the African Center for Economic Transformation (ACET) in March 2016 in Kigali. The main outcome of the forum was the launch of the Pan-African Coalition for Transformation (PACT), a network designed to bring together key stakeholders around shared themes to speed up economic transformation in Africa. PACT identified eight core pathways and drivers to economic transformation.
These pathways and drivers are being addressed not only in Africa but at the global level as well, through various instruments. These include the European External Investment Plan to boost investments in Africa, the World Bank’s IDA18 Replenishment, the G20 Summit, which is taking place July 7-8, 2017 and Development Finance Forum, taking place in November 2017.
In all of these conversations and developments, there is room for a more substantive African voice. The aim of this policy learning meeting, therefore, is to discuss development finance issues in the context of Africa’s transformation agenda and how African perspectives can be given a stronger voice as part of the dialogue. The main objectives of the event will be to:
- Develop a shared understanding of the critical changing landscape in development finance and what it means for Africa;
- Discuss how Africa can influence upcoming meetings related to development finance;
- Agree on the main elements of PACT country action plans for implementing recommendations from an ACET study on external development finance management in six countries—Burkina Faso, Ghana, Rwanda, Tanzania, Uganda and Zambia;
- Identify key issues on domestic resource mobilization for a follow-up multi-country study to further contribute lessons, models of best practice and recommendations to help African countries shape their transformation strategies and plans.
The event will bring together over 50 experts and senior officials from key government ministries, departments and agencies, a broad range of development partners, civil society organizations, academia and the media, all playing critical roles in the development finance (EDF) architecture on the continent.
Confirmed panelists and speakers:
- David Kuijper, Adviser, Financing for Development, World Bank
- Richard Carey, Chair of the International Advisory Committee of the China International Development Research Network (CIDRN) and former Director, Development Co-operation Directorate (DAC), OECD
- Abebe Shimeles, Director of Research, African Development Bank
- Neil Cole, Executive Director, Collaborative African Budget Reform Initiative (CABRI)
- Annalisa Prizzon, Senior Research Fellow, Overseas Development Institute (ODI)
- Lamin Momodou Manneh, One UN Resident Coordinator/UNDP Resident Representative, Rwanda
- Emmanuel Kofi Nti, Commissioner-General, Ghana Revenue Authority
- Edward Larbi-Siaw, Advisor, Ministry of Finance, Ghana
- Siaka Fanny, Adviser to Finance Minister, Ministry of Economy and Finance, Cote d’Ivoire
- Robert Liebenthal, Senior Country Advisor at International Growth Centre
- Ed Brown, Director of Policy Advisory Services, ACET
- Joe Amoako-Tuffour, Director of Research, ACET
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