Chinese support to African Infrastructure
China, India, and a few Middle Eastern Gulf nations are financing a record number of infrastructure projects across Sub-Saharan Africa, says a new World Bank report.
Significant increase in commitments to infrastructure projects in Africa
$12.4 billion was committed to Africa by members of the Infrastructure Consortium for Africa (ICA) in 2007
To ensure delivery, a Secretariat has been set up to support work on the Consortium objectives and commitments, reporting annually on progress and results.
Consortium members support, on a voluntary basis, the Secretariat, financially or in kind...
We shall identify and overcome project development, financing, capacity and business environment constraints to effective delivery of infrastructure projects across the Continent, in a new cooperative spirit ...
A key role of the Consortium is to ensure a more urgent, larger and more effective response to Africa's infrastructure needs including urging greater attention in country PRSs and other national development strategies...
Details of ongoing analytical work by ICA members and the Secretariat in support of their activities are provided below...
We recognise the need to provide more resources to the upstream area of project preparation, where a large financing gap exists.
This is a shared responsibility with the countries where projects originate...
Consortium members will coordinate and harmonise their interventions to reduce duplication and transaction costs.
Donors will adhere to the OECD DAC, Network on Poverty Reduction (Povnet) guiding principles...
Introduction
The Infrastructure Consortium for Africa (ICA) was established in 2005 following the Gleneagles G8 Summit. The ICA encourages a joined-up approach to meet Africa’s urgent infrastructure needs to support economic growth across the continent.
The Consortium addresses national and regional constraints to infrastructure development through the sharing of information, project development and good practice. The ICA is not a financing agency but it acts as a platform to catalyse donor and private sector financing of infrastructure projects and programmes in Africa.
ICA’s members include G8 bilateral donors and multilateral agencies. The ICA is supported by a small Secretariat which is hosted by the African Development Bank (AfDB).
