Workshop on Agenda 2063 First 10-Year Implementation Plan
Lusaka, Zambia 2-6 March 2015
Background Note
Context
The Heads of States and Governments of the African Union (AU) assembled in June 2012
mandated the Chairperson of the African Union Commission (AUC) in collaboration with the
NEPAD Planning and Coordination Agency (NPCA) and supported by the UN Economic
Commission for Africa (UNECA) and the African Development Bank (AfDB) to develop Agenda
2063.
Further, in its 50th Anniversary Solemn Declaration on the occasion of the observance of the
Golden Jubilee of the founding of the OAU/AU, the Summit acknowledged past successes and
challenges, and rededicated itself to the continent’s development and transformation. In
particular, it pledged its commitment to making progress in eight key areas:
 African Identity and Renaissance,
 The struggle against colonialism and the right to self-determination of people still
under colonial rule,
 Integration Agenda,
 Agenda for Social and Economic Development,
 Agenda for Peace and Security,
 Democratic Governance,
 Determining Africa’s Destiny, and
 Africa’s place in the world.
The AU Heads of State and Government pledged to integrate these ideals in national
development plans and the development of the Continental Agenda 2063, through a peopledriven process for the realization of the vision of the AU for an integrated, people-centred,
prosperous Africa, at peace with itself.
The Agenda 2063 preparatory process involved consultations with stakeholders – member
state governments, AU Organs, RECs, Private Sector, African Academia and Think Tanks,
CSOs, Planning Experts, Youth, Women, Faith-based organizations, Forum of Former African
Headsof State and Government and others.
The following seven African Aspirations emerged from Agenda 2063 stakeholders’
consultations:
i.
A prosperous Africa based on inclusive growth and sustainable development, where
Africa
ii.
An integrated continent, politically united, and based on the ideals of Pan
Africanism
iii.
An Africa of good governance, respect for human rights, justice and the rule of law
iv.
A peaceful and secure Africa
1
v.
vi.
vii.
An Africa with a strong cultural identity, Common Heritage, values and ethics
An Africa whose development is people-driven, relying on the potential offered by
African People, particularly its women and youth, and with well cared for children
Africa as a strong, united and influential global player and partner
The above aspirations in conjunction with the AU Vision, the OAU/AU 50th Year Golden Jubilee
Anniversary Solemn Declaration mentioned above, member states’ medium and long-term
plans as well as technical studies and analytical works constitute the foundations of Agenda
2063.
The AU Commission, with the support of its partners, over the last 18 months has elaborated
the following key documents:
(i) Agenda 2063 Vision and Transformation” Framework
(ii) Popular Version of Agenda 2063 and
(iii) A Draft First Ten-Year Plan of Agenda 2063 (2013-2023).
The first two documents have been adopted by the AU Summit as the basis for shaping Africa’s
Development trajectory and energizing the African Citizenry towards the attainment of the AU
Vision of “building and integrated, prosperous and peaceful Africa, driven and managed by Its own
Citizens’ and representing a dynamic force in the international arena”.
The Draft First Ten Year Plan is the first in the series of 5 ten-yearplans, which shall serve as the
medium for the realization of the Agenda 2063. While progress has been made in elaborating
the Plan, some outstanding work still remains, including finalizing strategies for financing
Agenda 2063 and resource mobilization and articulation/actualization of options for financing
the plan.
The January 2015 Summit therefore requested the AUC to work closely with Member States
with a view to finalizing the Plan for submission to the 25th Ordinary Session of the AU Policy
Organs in June 2015. Prior to this, consultations are also planned with RECs Chief Executives,
Ministers of Finance and Planning as well as with the Ministerial Committee on Agenda 2063.
Agenda 2063 implementation is being jump-started by key flagships identified by the
Commission and approved by the AU Policy Organs: High speed train network; African
Passport; commodities strategy; fast tract of the Continental Free Trade Area (CFTA); euniversity; Silencing the Guns by 2020; and other initiatives. The conceptualization and design
of the Flagships has been initiated and report on progress is to be provided to the AU Policy
Organs on a regular basis. These are an integral part of the First 10 Year Implementation Plan.
2
It is against this background that the workshop on Agenda 2063 First 10-Year Implementation
Plan is being organized.
Goal and Objectives of Workshop
The overall goal of the workshop is to solicit inputs of national planners and other experts,
including RECs to enable finalization of the draft First 10-Year for submission and adoption by
the June 2015 meetings of the AU Policy Organs.
Specifically, the workshop has three objectives:
1. To critically review the Targets, Indicative Strategies of the 10-Year plan and to make
suggestions/amendments as required, including proposals on indicators and baselines;
2. To review the implementation arrangements and monitoring and evaluation
mechanisms proposed in the draft 10-Year plan and provide any suggestions for
improvements; and
3. Discuss and make proposals on financing options for Agenda 2063, taking into account
the imperative need for Africa to finance her own development
Opportunity will also be taken to plan the next steps with regards to domestication of Agenda
2063 at national and regional levels.
Participation
The meeting will bring together planners and other national experts, representatives from
Regional Economic Communities, AUC departments and other stakeholders. Up to 100
participants are expected.
Format and Organization of Workshop
The workshop is designed to ensure a high degree of interaction and discussion among
participants. It will consists of:
 Plenary presentations on Agenda 2063 to enable all participants to have the same level
of appreciation and understanding of the genesis, process and key elements of Agenda
2063, the First 10-Year Plan, as well as proposals on Agenda 2063 financing.
 Working group sessions designed to give ample time for participants to discuss in detail
in working groups the above.
 Plenary discussions on working group reports and feedback to ensure consensus on
recommendations made.
Please refer to Annex 1 for a detailed work programme of the workshop.
Tools and Resources
3
The key reference documents for the workshop are those cited earlier, namely:
(i) Agenda 2063 Vision and Transformation” Framework
(ii) Popular Version of Agenda 2063; and
(iii) A Draft First Ten-Year Plan of Agenda 2063 (2013-2023).
A draft on Agenda 2063 Financing and DRM is also available. This has been summarized in 3
pages and annexed to this note (annex 3). In addition guidelines for working group sessions
have been prepared and are in Annex 2.
Expectations
Participants to this very important workshop are expected to come fully prepared to
extensively discuss and make concrete proposals and suggestions on the issues that will ensure
finalization of the First 10-Year Plan.
Prior to their arrival, participants are therefore expected to:
1. Read all the core documents listed;
2. Familiarized themselves with the working group guidelines and key tasks; and
3. Identified other reference documents and resources that are relevant to the objectives
of the workshop.
4
Annex 1: Draft Programme of Work
Arrival Lusaka Sunday 1st March 2015
Day One – Monday, 2ndMarch 2015
09.00a.m. - 09.30a.m.
09.30a.m –10.00a.m.
Registration
Opening Session



Welcome remarks by AU Commission
Welcome Remarks by Secretary General of COMESA
Opening Remarks by Host Country Representative
10.00a.m.
Adoption of the agenda and the programme of work
10.00 a.m. –10.30 a.m.
Coffee break
10.30a.m. –11.00 a.m.
Session 1: Overview of Agenda 2063: Genesis, Process and Key Elements - By
SPPMERM AUC
11.00a.m. –11.30a.m.
Discussion
11.30 a.m. – 12.00 noon
Session 2: Presentation on Key Elements of First 10-Year Implementation Plan
of Agenda 2063
By SPPMERM AUC
12.00 noon – 12.30 p.m.
Discussion
12.30 p.m.– 13.00 p.m.
Session 3: Presentation on Working Group Objectives, Guidelines and Process
on Targets, Indicative Strategies, Indicators and Baselines.
Assigning Participants to Working Groups
13.00 p.m. – 14.30 p.m.
Lunch Break
5
14.30 p.m.– 16.30 p.m.
Session 4: Working Group Session on Targets, Indicative Strategies, Indicators
and Baselines
16.30 pm. –17.00 p.m.
Coffee break
17.00 p.m.– 18.30 p.m.
Session 4 Continued
Day Two: Tuesday, 3rd March 2015
09:00 a.m.–09.15 a.m.
Session 4 contd: Recap of Day One – Review of Progress.
09.15 am – 13.00 pm
Session 4: Working Group contd. on Targets, Indicative Strategies, Indicators
and Baselines
12.30 pm – 13.00 pm
Preparation of Working Group Report/Power Point
13.00 p.m.–14.30 p.m.
Lunch break
14.30 pm –16.30 p.m.
Session 5: Presentation and Discussion of Working Group Reports
16.30 p.m.– 17.00 p.m.
Coffee break
17.00 p.m.–17.00 p.m.
Session 6:Presentation on Working Group Objectives, Guidelines and Process
on Implementation arrangements, Monitoring and Evaluation
Assigning Participants to Working Groups
6
17.00 p.m.–18.30 p.m.
Session 7:Working Group Session onImplementation arrangements, Monitoring
and Evaluation
Day Three: Wednesday, 4th March 2015
9:00 a.m.–10.30 a.m.
Session 7: Working Group Session on Implementation arrangements, M&E
contd.
10.30 a.m.–10.45 a.m.
Coffee break
10.45 a.m.–12.00 noon
Session 8: Presentation on Working Group Reports and Discussion
12.00 noon – 12.30 pm
Session 9: Presentation on Agenda 2063 Financing and Resource Mobilization
By AUC/SPPMERM
12.30 pm – 13.00 pm
Discussion on Agenda 2063 Financing & DRM
13.00 p.m.– 14.30 p.m.
Lunch break
14.30 p.m.–14.45 p.m.
Session 10:Presentation on Working Group Objectives, Guidelines and Process
on Agenda 2063 Financing and DRM
14.45 p.m. – 18.30 pm
-
Session 11:Working Group Session on Agenda 2063 DRM
Day Four: Thursday 5 March 2015
09.00 am – 10.30 am
Session 11: contd. Working Group Session on Agenda 2063 Financing & DRM
10.30 a.m.–11.00 a.m.
Coffee break
11.am – 12.30 pm
Session 12: Presentation and Discussion of Working Group Reports
12.30 pm – 13.00 pm
Session 13: Next steps on domestication of Agenda 2063 at national and
regional levels
13.00 p.m.– 14.30 p.m.
Lunch break
14.30 pm – 17.30
Session 13: Informal consultations on next steps on domestication of Agenda
2063 at national and regional levels
7
17.30 pm – 18.00 pm
Closing Session
Day Five: Friday 6 March 2015 Departure of Participants
8
Annex 2: Draft Working Group Guidelines
GENERAL GUIDELINES
STEP 1: Group Members introduce themselves in detail - name, country, affiliation, and
position.
STEP2: Select A Chair and Rapporteur - the Chair will guide the proceedings of the sessions;
the Rapporteur will be responsible for taking down the conclusions / contributions in the format
requested and present in plenary the group conclusions and recommendations.
STEP 3: The Chair leads the discussions on (i) what is expected of the Group (ii) the nature and
scope of the questions to be addressed and the processes for addressing them (iii) the
contributions members are expected to make (iv) explanations on the framework for
presenting their reports and (v) the main conclusions and recommendations by the group for
presentation to the plenary./
STEP 4: Group starts discussions; the Chair ensures each voice is heard, contributions are direct
and straight to the point and focused, time is allocated optimally for the questions, all questions
are adequately addressed, etc.
STEP 5: Group assists the Rapporteur in preparing the report in the format provided on
laptops. In preparing the report, the group should use (i) Arial / point 12 (ii) single spacing and
(iii) compact.
DAY 1&2: FIRST TEN-YEAR IMPLEMENTATION PLAN – REVIEW OF TARGETS INDICATIVE
STRATEGIES
Groups and Task Assignment
1. There will be four groups of approximately 25 persons per group, depending on number of
participants.
2. Each Group is assigned one or several Agenda 2063 aspiration to focus on
3. The Group assignments are as follows:
 Group1: Aspiration 1
 Group 2: Aspirations 2 and 3
 Group 3: Aspirations 4 and 5
 Group 4: Aspirations 6 and 7
Group work reference material:
1. Draft First Ten Year Implementation Plan
2. Relevant Section in Chapter 3 :
3. Plan Framework for First Ten Years
4. Annex 5: Critical Success Factors, Potential Risks and Mitigating Strategies
Guiding Questions for Working Groups:
1. Under each goal/priority area review each target in terms of being “SMART” (S=Specific;
M=Measurable; A=Attainable; R=Relevant and T=Time Bound) within the context set in the
table below:
9
Aspiration:
Targe
Comments /
t
Recommendations
on SMART Review
of target (e.g. – a
revised target; a
newly formulated
target etc)
Adequacy /
recommendations on
indicative strategies
for the target’s
attainment
Proposed
Indicator1
Proposed
Means of
Verification
Baseline –
2013/15?
Adequacy /
recommend
ations on
continental
/ regional
frameworks
to support
attainment
of target (if
one is
needed)
2. Review the milestones for continental frameworks in support of the attainment of regional /
national targets for each priority area in terms of relevance / completeness of (i) task
assignment (ii) the specified dates and (iii) consistency with the attainment of set national
targets
3. What new key critical success factors / risks can be identified in the implementation of the
first ten year plan in addition to those in Annex 5?
4. What strategies can be put in place to ensure each key success factor or mitigate the risk
facto
1For each of the targets (excluding those you want to replace through a new formulation) what could be the
possible indicators and their means of verification? It is advisable that you present your responses as per the table
10
DAY 2 &3: FIRST TEN-YEAR PLAN: IMPLEMENTATION, MONITORING AND
EVALUATION
Groups and Task Assignment
1. There will be five groups of approximately 20 persons per group
2. Groups will answer the same set of questions
Group work reference material: Draft First Ten Year Plan
1. Chapter 4: Implementation Plan
2. Chapter 5: Monitoring and Evaluation
3. Annexes 1A and 1B: Policy Guidelines on Implementation, Monitoring and Evaluation
GUIDING QUESTIONS
KEY IMPLEMENTATION ISSUES
1. What should be the time frame for the short/ medium / long term planning for
AGENDA 2063?
2. What measures are needed for the integration of Agenda 2063 – (a) National Plans
and Strategies (b) Regional Plans and Frameworks
3. What institutional measures / arrangements are required to ensure effective
implementation of the AGENDA 2063 at (a) The National Level and (b) Regional
Level?
4. How frequently should AGENDA 2063 be reviewed at the (a) National (b) Regional
and (c) Continental Levels
5. What measures should be taken to maximize the impact of AGENDA 2063
programme on the ordinary citizen?
6. What Policy / Legal measures need to be taken to strengthen the working
relationships between the Governments and the following ACTORS /
STAKEHOLDERS in order to achieve the objectives of AGENDA 2063? (a) The
Private Sector (b) CSOs (c) other Groups
7. What arrangements should be put in place for the popularization of Agenda 2063 at
the national / regional/ continental levels
KEY MONITORING AND EVALUATION ISSUES
1. What measures need to be taken to strengthen the working relationships between
the Government and the following stakeholders in order to achieve the monitoring
and evaluation objectives of Agenda 2063? (a) Private Sector (b) CSOs and (c) other
groups
2. How frequently should Agenda 2013 be monitored at the (a) National (b) Regional
and (c) Continental Level levels
3. What mechanisms for aligning M&E frameworks at National, Regional and
Continental levels?
4. What should be the time frame for evaluating the short / medium / long term
implementation of Agenda 2063 by the various actors
5. Reporting on implementation of Agenda 2063: a) National mechanisms; (b)
Regional mechanisms; (c) Continental mechanisms
POLICY GUIDELINES
11
1. Based on your discussions / responses to the preceding questions review the
proposed policy guidelines (attached) on implementation, monitoring and
evaluation as contained in annex 1 of the First Ten Year Plan.
DAY 3 &4: FIRST TEN-YEAR PLAN: FINANCING AND PARTNERSHIPS
Groups and Task Assignment
1. There will be five groups of approximately 20 persons per group
2. Groups will answer the same set of questions
Group work reference materials
1. Agenda 2063 Financing and Domestic Resource Mobilization Strategy
2. First Ten Year Plan: Chapters 6 and 7
Guiding Questions
AGENDA 2063 FINANCING AND DOMESTIC RESOURCE MOBILIZATION (DRM)
STRATEGY






What is the typology of Agenda 2063 financing needs? What are the key issue areas
of Agenda 2063 financing?
What are the DRM opportunities in the framework of financing Agenda2063? What is
the potential of the different sources to be leveraged?
How do we make sure that domestically-generated savings and financing resources
are efficiently channeled or intermediated towards financing Agenda 2063
programs?
How do we make sure that African infrastructure projects, large industrial projects,
entrepreneurs and SMEs, micro-entrepreneurs and social entrepreneurs, civil society
and government access to the financial resources mobilized/identified?
What are the key programmatic fronts for the implementation of Agenda 2063
financing and DRM strategy?
Which financial market/institutions, products/services and skill/competence gaps
are to be filled in the framework of Agenda 2063 Financing and DRM strategy?
LEVERAGING AFRICA’S PARTNERSHIPS IN SUPPORT OF AGENDA 2063
 Which is the typology and Africa’s partnerships
 Which are Africa’s high-potential partnerships? Which types of programs/projects
should be prioritized by profile of African partners?
 Which policies and strategies should be put forward by AU, RECs and Member States
to best take advantage of Africa’s partnerships? Which priority programs/projects of
Agenda 2063 should be
 What are the resource requirements (financial, technical, institutional, others) at AU,
RECs and Member State level to properly manage and maximize the benefits of Africa’s
partnerships
ROLLOUT AND IMPLEMENTATION PLAN OF AGENDA 2063 FINANCING, DRM AND
PARTNERSHIP STRATEGY

Which key stakeholders and institutions should be mobilized/involved in the
implementation of Agenda 2063 financing and DRM strategy? What should be the
12




allocation of roles and responsibilities and the institutional framework to be put in
place?
What is roll-out/implementation plan of Agenda 2063 financing and DRM strategy?
What are the financial and human resource requirements?
What are the short, medium and long-term actions of the roll-out/implementation
plan?
What monitoring, evaluation and reporting framework should be put in place to
properly track progress on the implementation of Agenda 2063 Financing and DRM
Strategy
13
Annex 3: Agenda 2063 Financing, Domestic Resource Mobilization and Partnerships
Africa needs finance not only to sustain its current and anticipated rates of economic
growth; but also to support its aspirations, finance its flagship projects and priority
continental programs embedded in Agenda 2063.
Context of Agenda 2063 Financing
Externally, the global financial and economic crisis of 2008-2009, the continuing challenge
of DAC-based aid effectiveness, the emergence of new players such as BRICs and Arab
partners and improved access to international capital market have prompted African
leaders across the continent to re-examine their economic and financial resource
mobilization strategies and their vulnerability to external shocks.
Internally, public/fiscal revenue which continues to support the bulk of the Continent’s
financing needs displays room for further improvements in its management. Furthermore,
at around 19% in the last two decades, the Continent’s investment rate continues to be the
lowest of all developing regions as a result of low level of financial savings (19.4% of GDP
for Sub-Saharan Africa in 2013) limited level of financial inclusion (only 20%of African
households have access to formal financial services, insurance penetration rate is at only
3.5% in 2013), low depth and limited level of functional and allocation efficiency of the
regional financial market. In addition, the increasing level of the Continent’s institutional
savings (pension funds, insurance funds, foreign exchange reserves of central banks,
sovereign wealth funds) have not yet found their way into supporting the huge financing
needs of the region due to a combination of low level of capital market development,
higher internal risk perception and regulatory constraints to invest in African securities and
projects. Other noteworthy trends include the importance of Diaspora remittances,
(increasingly at par with the level of FDI and ODA), Diaspora savings, cross-border/intraAfrican investment which are also gaining importance in the financing landscape of the
region.
Against this background, for the financing of Agenda 2063, increased focus on domestic
resource mobilization (DRM) has been called for by all groups of African stakeholders.
Indeed,
therationale
forfocusingonDRMspringsfromtheneedtocreate“policyspace”to
accommodategenuine domesticownershipandcountrydiversity. In addition, the investment
argument
of
DRM
appears
even
more
compelling
as
greaterrelianceondomesticresourcesfacilitateshigherinvestmentinsectors
neglectedbyexternalactors,e.g.agriculture.
Based on the above and as part of the implementation plan of Agenda 2063, a
comprehensive “Agenda 2063 Financing and Domestic Resource Mobilization Strategy” has
been completed by the African Union.
Issue Areas of Agenda 2063 Financing and Domestic Resource Mobilization Strategy
The key issue areas addressed in the “Agenda 2063 Financing and Domestic Resource
Mobilization Strategy” document include the following:
 What is the typology of Agenda 2063 financing needs? What are the key issue areas
of Agenda 2063 financing?
14





What are the DRM opportunities in the framework of financing Agenda2063? What is
the potential of the different sources to be leveraged?
How do we make sure that domestically-generated savings and financing resources
are efficiently channeled or intermediated towards financing Agenda 2063
programs?
How do we make sure that African infrastructure projects, large industrial projects,
entrepreneurs and SMEs, micro-entrepreneurs and social entrepreneurs, civil society
and government access to the financial resources mobilized/identified?
What are the key programmatic fronts for the implementation of Agenda 2063
financing and DRM strategy?
Which financial market/institutions, products/services and skill/competence gaps
are to be filled in the framework of Agenda 2063 financing and DRM strategy?
Agenda 2063 Financing Needs
Financing is required for all seven Aspirations of the Agenda 2063. The typology of Agenda
2063 financing needs ranges from pure grants to pure commercial finance from both public
and private/commercial sources, including: pure grants, technical assistance resources,
social impact resources, concessional loans, market price-based commercial loans, equity
and other market-like instruments, FDI and portfolio investment resources.
Challenges and Strategy for the Financing of Agenda 2063
The problem of Agenda 2063 financing is first and foremost about mobilizing a stable and
predictable base of financial resources that can be achieved largely if not only through
domestic financial resources. However, within the regional context characterized by many
levels of market failure, the problem of Agenda 2063 financing is not only about mobilizing
domestically-generated financial resources, but also about leveraging and intermediating
those resources for productive investments and trade finance; social, inclusive and
sustainable development; peace, security and regional stability; and AU, RECs and Member
States’ core governance, coordination, policy and program implementation within the
framework of the Agenda 2063.
In other words, Africa needs not only fund, but also a more effective and inclusive means of
channeling funds (including financial institutions and markets, financial instruments and
financial services) to where they can be most effective and where there is market failure in
the allocation of resources.
Thirdly, because the availability of financial resources does not guarantee their access by
individuals, communities, MSME, infrastructure and industrial projects and players in
priority sector such as agriculture due to market failures, a proactive access to finance
support for these parties will be considered as part of the Agenda 2063 financing process.
Hence, Agenda 2063 financing strategy will be articulated around four dimensions:
 Enabling environment
 Domestic resource mobilization
 Intermediation of financial resources into investment
 Access to finance facilitation
15
Financing Agenda 2063 through Enhanced Domestic Resource Mobilization
Domestic Resources/Sources
Intermediation Vehicles
Access to Finance Facilitation














Public/fiscal revenue
Financial savings
Private sector resources
General public / crowd funding
Corruption curbing
AU (passport, visa, revenue from
regional excellence centers
Continental lottery)
Illicit financial flows curbing
“Rational” capital flight curbing
Commercial banks, MFIs, DFI,
Insurance companies
Capital markets
Diaspora savings & remittances
Institutional savings (pension funds,
insurance funds, sovereign wealth
funds, foreign exchange reserves)
Positive impact of reforms and
growth
Loss control in infrastructure
services, agriculture value chain,
government budget execution, etc.
Peace, security & regional stability
Exiting Intermediation Vehicles - Commercial

Commercial Banks, MFI, DFI, Insurance Cos
(through Up-scaling, capacitation)

Stock Exchanges & Bond Markets (through
expansion, deepening & regionalization)
New Vehicles to be Created – Commercial

Africa 50 Fund, Africa Credit Guarantee Facility
(ACGF), Africa Investment Bank (AIB), Africa
Infrastructure Development Facility (AIDF)

Diaspora bonds, Diaspora remittances
securitization

African-owned private equity funds, African
Angel Investors Network (AAIN)

Intra-African investment promotion

PPP for infrastructure investment

Regional commodity exchanges
Non Commercial Vehicles

AU, RECs and Member State budgets

African Integration Fund (AIF)

Fund for African Women

Youth Empowerment/Entrepreneurship Fund

AU-PrivateSector CSI Compact;

REC-Private Sector CSI Compact
Critical Enabling Conditions
Progress in regional integration
Intra-African trade
Large PPP/infrastructure and Large
Industrial Projects

Project development fund (PDF)

Viability gap fund (VGF)

Capitalization fund

Risk enhancement
Micro, small & medium enterprises

Capitalization fund

Business development fund

Incubation/accelerator

Risk sharing facility
Grant & concessional finance

Program and project formulation
and execution capacity

Procurement quality

Grant management certification

« Pillar assessment » certification

IPSAS certification
Financial expertise/skills
Source: Author
Agenda 2063 and Strategic Partnerships
While DRM is no meant to take care of all the financing needs of the Agenda 2063, it is
meant to contribute, at 70% to 80%, to its financing. The remaining of the Agenda 2063
programs will be rightly financed through external financing mechanisms including the
international financial market, FDI, official development assistance which need also to be
leveraged to meet African priorities.
Other enabling and complementary measures as part of Agenda 2063 financing strategy
include: (i) leveraging strategic partnerships, (ii) leveraging ODA, South-South cooperation,
concessional finance, commercial finance facilities, (iv) taking advantage of the financing
opportunities provided by the BRICS and other emerging countries, and (v) enhancing
access to international capital market at better terms.
In particular, the African Union will need to further leverage the strategic partnerships
signed with major development and emerging partners towards a more targeted support to
Agenda 2063 transformational programs for the Continent. The issue for the African Union
is then: which policies, strategies and resources should be put forward to best take
advantage of its strategic partnerships.
Roll-out and implementation
16
From a roll-out and implementation perspective of Agenda 2063 Financing and DRM
Strategy, preliminary proposals have been put forward. However, the complexity of the
actions anticipated and the multi-stakeholders nature of Agenda 2063 command that the
following questions be addressed through enhanced consultations among all stakeholders
(Joint Secretariat – AU, AfDB and UNECA; ministry of finance, financial sector-related
private sector organizations – Banks, MFIs, Insurance Companies, DFIs, Venture
capital/private equity associations,
monetary and stock exchange-related
organizations/authorities):
 Which key stakeholders and institutions should be mobilized/involved in the
implementation of Agenda 2063 financing and DRM strategy? What should be the
allocation of roles and responsibilities?
 What is roll-out/implementation plan of Agenda 2063 financing and DRM strategy?
 What are the financial and human resource requirements?
 What are the short, medium and long-term actions of the roll-out/implementation
plan?
17