Financing of the Programme for Infrastructure Development in Africa (PIDA)
8 March 2012
TradeMark Southern Africa - 6 mars 2012
Africa commands a powerful position on the world stage. It is seen as a land of opportunity — an emerging destination of choice for many investors and development actors as they look for high growth markets, despite the on-going economic turmoil and the lingering effects of the financial crisis and recession. In this rapidly changing global environment, Africa needs to take advantage of these emerging conditions that will substantially boost trade, spark growth and create jobs. But right now, it is not capable of reaping the full benefits of its resources. One of the major problems is infrastructure gap and the solution is the Programme for Infrastructure Development in Africa (PIDA).
The 12th Assembly of Heads of State and Government adopted Declaration Assembly/AU/Decl.1 (XII) requesting the African Union Commission (AUC) to formulate the Programme for Infrastructure Development in Africa (PIDA), whose elaboration was officially launched in Kampala, Uganda, in July 2010. Africa's leading continental organizations, including AUC, NEPAD Planning and Coordinating Agency (NPCA) and the African Development Bank (AfDB), have worked for years to address the infrastructure deficit.