In depth I  New Partnership for African Development - NEPAD
The North will not provide the answers for the global development!
Source: Accord International
Despite the fact that some states have been independent for more than 40 years, democracy has not yet been effectively established on the African continent. Instead, conflict in some cases has been exacerbated by organizations, institutions and movements claiming to fight for democracy. Pan-African civil society statement. June 2008 (pdf).[see more]
 

In January 2001 South African President Thabo Mbeki went to the World Economic Forum in Davos, Switzerland to present a proposal called the Millennium African Recovery Plan (MAP). After consulting with Senegal's President Aboulaye Wade, the plan became known as the New Africa Initiative (NAI). Mbeki then took the NAI to the Group of Eight (G8) Summit meeting in Genoa, Italy in July 2001. After reviewing the plan, the G8 leaders told the Africans to rewrite it to include more emphasis on "good governance" and invited them to the next summit in Kananaskis, Alberta (Canada) in June 2002. After consultations with the International Financial Institutions (IFIs) and the leaders of Nigeria and Algeria, President Mbeki released the New Partnership for African Development, or NEPAD. In Kananaskis the G8 leaders unveiled an 'Action Plan on Africa', committing themselves to engage with NEPAD.

The key priority of NEPAD was to attract Foreign Direct Investment (FDI) in energy, agriculture, communications, and human resources. NEPAD's supporters hoped that with an annual US$64 billion in public and private investment, a gross domestic product growth rate of 7 percent could be secured in participating countries. Under the terms of NEPAD, African countries guaranteed good governance in return for financial aid. To guard against corruption a system of peer review was proposed to monitor African countries' deployment of funds and progress toward good governance. The limitations of G8 support, nevertheless, soon became evident. Not only did the pledges of aid still fall far short of Africa's financing needs, but they would scarcely make up for the steady decline in aid to Africa since the mid-1990s. Any new money, moreover, would be highly conditional and restricted to those countries that meet the G8's political and economic criteria.

The responses of African NGOs, unions and intellectuals to NEPAD largely criticize its neo-liberal paradigm for being very much the language of the industrialized countries, particularly the G8. The "African Forum for Envisioning Africa: Focus on NEPAD" concludes, for example, that NEPAD follows the same neo-liberal principles that have come under heavy criticism by civil society worldwide, are responsible for increasing gaps between the rich and the poor and result in economic disasters. In spite of the recognition of the central role of the African people, civil society has not played any role in the conception, design and formulation of NEPAD. Furthermore, NEPAD adopts social and economic measures that contribute to the marginalization of women and does not question the global economic system that, in the view of civil society, plays a major role in Africa's continued marginalization. With respect to Africa's external debt, NEPAD's proposal for debt relief represents a significant step backwards from what the Jubilee movement in Africa continues to demand: 100% cancellation of low-income country debts without structural adjustment conditions, plus the assessment and cancellation of illegitimate debts that have their origin in apartheid and military dictatorships. Many NGOs conclude that NEPAD is rather a continuation of the highly questionable Structural Adjustment Programmes (SAP), now including privatization of public services such as water and electricity supply or health services.

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COMMENTS

Wed Sep 10 2008
The simple truth is that over 80% of the people living in the rural areas of Nigeria, knew nothing about NEPAD as such it is making no impact on them.
, ( )

Tue Jun 12 2007
Please,i wish to know if NEPAD has actually impacted on the lives of Nigerians in particular and Africa at large as it concerns its goal of poverty eradication
Amobi Peter , Awka ( Nigeria )


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