ICA 2006 Annual Report now available
30 March 2007
The ICA’s 2006 Annual Report is now available.
Key messages in the report include:
- Donor commitments reached more than $7.7billion in 2006, up from about $7.0 billion in 2005. The increase was almost entirely in the form of Overseas Development Assistance (ODA) for Sub-Saharan Africa (SSA), which grew approximately 15% to reach $5.1 billion.
- Commitments to regional projects accounted for some 5% of the total commitments by ICA members in 2005, and well over 10% in 2006. However both the AfDB and the World Bank have immediate financing gaps of more than US$2 billion.
- Africa is now drawing substantial support, which may grow further in coming years, for infrastructure development from emerging donors. Arab funds and banks have long been involved but are now more significant. Interest has also been rising from India and China has already made substantial investments.
- Private sector investment continues to grow steady and reached over $4.5 billion in 2005.
- Very few African governments can yet have confidence that their countries may receive assistance of the scale from developed countries that has been recommended by reports from the UN and the Commission for Africa.
- Some new forms of financing for infrastructure have already been developed, such as the Trust Fund of the EU-Africa Partnership for Infrastructure.
- Strong commitment has now to be built to ensure replenishments for African Development Fund 11 and IDA 15 that are of adequate size, and give appropriate priority, to African infrastructure.
The report is in two volumes, with most statistical data contained in Volume 2.
The report will shortly be available in French.
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