OECD-NEPAD Ministerial Conference Highlights Green Investment for Africa
27 April 2011: The Organisation for Economic Co-operation and Development (OECD) and New Partnership for Africa's Development (NEPAD) concluded a ministerial conference in Dakar, Senegal, from 26-27 April, 2011, on mobilizing investment in, and aid for, infrastructure and agriculture. The Co-Chairs' conclusions noted the need for mobilizing green investment for growth and job creation.
The first day saw government representatives, experts and business representatives discuss key challenges and conditions for increased investment in Africa's productive capacities, specifically: the strengthening and enabling of private investment in infrastructure; improving the attractiveness of the agricultural sector for foreign and domestic investors; mobilizing green investment for growth and job creation; and enhancing business integrity in Africa. Additionally on the first day, the Aid for Investment in Infrastructure project was launched.
On the second day, a ministerial meeting took place on accelerating investment reform. Ministers called on the Group of 20 (G20) to accelerate development of infrastructure and boost agricultural investment for food security. A statement from business leaders to the Ministers was made, including recommendations on improving Africa's investment climate, investment in infrastructure, and investment in agriculture.
The Co-Chairs' conclusions detailed the importance of: accelerating reform to spur investment; enhancing investment in Africa's infrastructure and creating an enabling environment for this to take place; increasing investment in Africa's agriculture; and mobilizing green investment for growth and employment. [Webpage of Conference] [NEPAD-OECD Africa Investment Initiative: Fifth Ministerial Conference: Co-Chairs' Conclusions] [Business Statement to Ministers]