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Supporting Africa’s Recovery and Transformation : Regional Integration and Cooperation Assistance Strategy - Update for the Period FY21–FY23 (English)

This World Bank Group Africa Regional integration and cooperation strategy update assesses progress with implementing the 2018 strategy and sets out the course for the remainder of the strategy period (FY21-FY23). Regional integration is a key element to aid continental Africa’s recovery efforts and the WBG’s RI program is building upon success and is ready to take on the next set of challenges. The priorities in the RI Strategy Update have been realigned to fully embrace WBG support to the Covid19 crisis recovery efforts set out in the recent approach paper. The ongoing pandemic and global economic crisis have considerably affected the context for delivering the Strategy and could impact the extent of deepening of integration efforts in Africa. The implementation record of the first two years of the RI Strategy is quite strong. IDA19 provides a strong basis to intensify delivery of results and impact of the RI program. The Update also ensures alignment of the RI program with the twin goals of the WBG – reducing extreme poverty and promoting shared prosperity. The Update proposes to strategically ramp up WBG efforts at convening countries to find regional solutions in key areas relevant to crisis recovery and beyond which respond to the context in different sub-regions. Given the strong resonance of the priorities with clients, the remaining period of the strategy will focus on delivery and impact.

Details

  • Document Date

    2020/12/07

  • Document Type

    Board Report

  • Report Number

    154458

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Africa,

  • Region

    Africa,

  • Disclosure Date

    2021/06/11

  • Disclosure Status

    Disclosed

  • Board Meeting Date

    2020-12-07T00:00:00Z

  • Doc Name

    Supporting Africa’s Recovery and Transformation : Regional Integration and Cooperation Assistance Strategy - Update for the Period FY21–FY23

  • Keywords

    German Agency for International Cooperation; regional development policy; small and medium size enterprise; capacity building need; Trade and Development Bank; Information and Technology Solutions; regional value chain; multilateral investment guarantee agency; financial market integration; cgiar consultative group; cross-cutting themes; free movement of people; information and communication technology; poverty elasticity of growth; global public good; diseconomies of scale; recovery effort; conflict and violence; regional market; line of sight; IS Building; disease surveillance system; economic crisis; crisis recovery; resource allocation decision; natural gas markets; emergency relief effort; recent approach; second world war; global capital flow; global economic crisis; large capital investment; investment climate reform; million people; across national border; regional development bank; quality basic service; theory of change; cross border initiative; global economic prospect; political economy factor; loss of life; rapid population growth; formal financial service; high youth unemployment; Natural Resource Management; global value chain; Identification for Development; billion people; heads of state; Access to Energy; improvement in productivity; higher technical education; trade and investment; private sector solution; consultations with stakeholders; regional integration effort; Private Sector Growth; maternal health service; analytical and advisory; regional energy infrastructure; governance and institutions; guarantee program; high fertility rate; Internally Displaced Person; peer to peer; Human Immunodeficiency Virus; cost of energy; human capital; strategy implementation; regional infrastructure; food insecurity; regional power; power trade; regional spillover; regional cooperation; energy market; extreme poverty; Job Creation; economic integration; Financial Sector; strategic framework; regional operation

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Citation

Supporting Africa’s Recovery and Transformation : Regional Integration and Cooperation Assistance Strategy - Update for the Period FY21–FY23 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/249911623450779120/Supporting-Africa-s-Recovery-and-Transformation-Regional-Integration-and-Cooperation-Assistance-Strategy-Update-for-the-Period-FY21-FY23