This Africa Action Plan on Development Effectiveness is a multilateral document setting out the key priorities for development cooperation as expressed by the African Union Agenda 2063, the Constitutive Act of the African Union and NEPAD, the 2011 African Consensus, and the Position on Development Effectiveness. Africa’s overarching objective is to attain Development Effectiveness through coherent and effective use of both internal and external resources, given that for aid to be effective it must be integrated into the larger development context, working with domestic resources. Therefore, aid should work with other national and regional instruments to effectively support inclusive growth and development results. The Action Plan establishes 4 priorities, to which Key components and Action steps are related. Priority 1: Financing for Africa's development to strengthen institutional capacities to stimulate and add value to the sustainable flow of domestic resources towards industrialization and accelerate inclusive growth for national and regional development through (i) domestic resource mobilization, including effective tax administration and promotion of private sector development; (ii) elimination of illicit financial flows; (iii) expansion of intra-African trade; (iv) investment of human, technical and financial resources in the secondary economy and local private sector; (v) inclusive and sustainable development of extractive industries. Priority 2: South-South (SSC), Triangular Cooperation (TC), and Regional integration to develop and support the effective utilization of African potential, and support inter-country exchanges aimed at enhancing human, institutional and knowledge-based capacities for increased intra-Africa value addition and technological advancement through the support to (i) existing, as well as, non-traditional development partners and relationships; (ii) regional and continental economic and political institutions; (iii) organizational, national, regional, and continental institutions that support and promote good governance; (iv) exchanges based on the indigenous knowledge in Africa, both regionally, as well as countries which form a fundamental learning point for innovation and development. Priority 3: Inclusive economic transformation to utilize aid effectively and primarily in productive areas and exit dependency to truly become an integrated, prosperous, and peaceful continent, driven by its citizens and resources. Priority 4: Future of development cooperation in Africa to transform the delivery of aid aligned to the inclusive growth needs of developing countries by promoting continued efforts aimed at implementing shared commitments and holding each other to account based on principles of mutual respect, inclusiveness, ownership, and leadership of own development agendas
2014-01-01