www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Opinion
Home / Opinion / Op-Ed Contributors

G20's inclusive investment plan for a continent

By Wolfgang Sch?uble | China Daily | Updated: 2017-07-04 07:56

Africa's enormous economic potential is not news, but, until now, policymakers around the world have not successfully defined the political and economic steps that must be taken to enable Africa to realize this potential fully. That is why the German G20 presidency has launched the G20 Africa Partnership initiative.

At the core of this effort to intensify cooperation with Africa lies the G20 Compact with Africa. The CWA offers interested African countries the opportunity to improve conditions for private investment, including in infrastructure.

The CWA's structure is straightforward: African countries, together with their bilateral partners and international financial organizations with proven expertise on Africa (such as the African Development Bank, the World Bank Group, and the International Monetary Fund), will jointly develop, coordinate and implement tailor-made measures. The main aim is to lower the level of risk for private investments by improving economic and financial conditions and strengthening institutions. Over time, the resulting increase in investment will boost growth and productivity, create jobs, and raise living standards, as envisioned in Agenda 2063 of the African Union.

The CWA stands for a new approach to international development policy. Of course, Germany is not reinventing the wheel. But the mode of cooperation and coordination among the many bilateral and multilateral players, as well as the commitment of the African countries, is something new.

Germany views the CWA as a long-term, demand-driven process. It is open to all African countries that are interested in improving their investment environment on a sustainable basis. But, most important, the decision-makers are the African countries themselves. They will determine what they want to do to improve conditions for private investment, who they want to cooperate with, and in what form. Only if the African countries "own" the initiative will it be a success.

So far, some African countries including C?te d'Ivoire, Morocco, Rwanda, Senegal and Tunisia have committed to full participation in the CWA.

CWA countries, the international financial organizations, and bilateral partners are working closely together on the details of the country-specific compacts. At the G20 meeting in Baden-Baden, Germany, in March, some members-and also non-G20 countries-indicated that they would like to become bilateral partners. The German government will also contribute via the bilateral framework-called a "Marshall Plan with Africa"-developed by Germany's Federal Ministry for Economic Development and Cooperation.

Our main job, however, is to bring private investors and African countries together. The G20 Africa Partnership Conference in Berlin on June 12-13 provided a platform for these African countries to reach out to investors in order to enhance the continent's engagement with the private sector.

Now the implementation phase of the CWA initiative will start. The country teams will further specify their compact measures and consider the milestones for their implementation. At this point, dialogue with investors will be particularly significant, because such conversations will help African countries to establish which measures and instruments are crucial for engagement with the private sector.

To be successful, this initiative cannot focus on short-term results. It needs to continue beyond Germany's G20 presidency in 2017-18 and to be supported by the G20 over the longer term. Germany, of course, will continue to take responsibility for the CWA's implementation, and the G20 will be informed on a regular basis about how the investment compacts develop.

Most important, by sending a signal to other African countries, progress in the participating countries will determine whether the CWA becomes a success for all of Africa. If all parties involved-African countries, international organizations, bilateral partners, and, not least, investors-collaborate closely, the CWA has the capacity to promote sustainable, robust, and inclusive economic growth throughout the continent.

The author is Germany's federal minister of finance.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 色日韩 | 亚洲国产伦理 | 高清欧美性xxxx成熟 | 久久99久久精品视频 | 毛片免费高清免费 | 欧美在线1 | 影院成人区精品一区二区婷婷丽春院影视 | 黄色网址亚洲 | 欧美高清一级毛片免费视 | 国产成人香蕉在线视频网站 | 国产精品黄页在线播放免费 | 亚洲一区二区精品推荐 | 日韩免费黄色片 | 国产午夜毛片v一区二区三区 | 久久久久久久久免费影院 | 午夜爱爱毛片xxxx视频免费看 | 久久精品男人的天堂 | 国产一区二区在线观看视频 | 国产精亚洲视频 | 国产高清在线精品二区一 | 99色视频在线 | 欧美成在线视频 | 久久橹 | 一个人免费观看日本www视频 | 亚洲第一毛片 | 国产高清视频在线观看 | 亚洲最大免费视频网 | 国产一级特黄aaa大片 | 亚洲视频手机在线观看 | 免费萌白酱国产一区二区三区 | 欧美13一14sexvideo欧 | 美女与男人对肌免费网站 | 国产成人久久精品二区三区牛 | 五月六月伊人狠狠丁香网 | 三级理论手机在线观看视频 | 亚洲一区二区三区不卡在线播放 | 真人毛片免费全部播放完整 | 久久精品国产半推半就 | 一级做a爰片久久毛片欧美 一级做a爰片久久毛片人呢 | 国产自愉自愉全免费高清 | 中国精品视频一区二区三区 |