This report provides an update of country and sector-level trends in foreign direct investments (FDI) flows and announcements in cross-border investments in Compact with Africa countries. The report follows previous analysis released during the 2018 World bank Group/IMF Spring Meetings.
This interim report, prepared by the International Finance Corporation (IFC) in collaboration with the African Development Bank (AfDB) and the African Center for Economic Transformation (ACET), puts a special focus on private sector activity in Compact countries. It sends a strong signal that sound policies to improve investment conditions are paying off and market interest in Compact countries is growing. At the same time, it underscores the long-term nature of this initiative as it requires time to build up a track record that strengthens investor confidence.
The G20 Compact with Africa (CwA) was initiated under the German G20 Presidency to promote private investment in Africa, including in infrastructure. Eleven African countries have joined the initiative: Benin, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Rwanda, Senegal, Togo and Tunisia.