New partnership for african development

The New Partnership for Africa's Development (NEPAD) is a strategic framework adopted by the African Union (AU) in 2001 to promote economic development and integration in Africa. NEPAD is a comprehensive and integrated approach to development that aims to address the root causes of poverty, inequality, and underdevelopment in Africa.

The main objectives of NEPAD are:

  1. To promote economic growth and development through the implementation of the African Union's Agenda 2063, which sets out a vision for Africa's development over the next 50 years.
  2. To reduce poverty and inequality through the implementation of the African Union's Poverty Reduction Strategy (PRSP) and the Millennium Development Goals (MDGs).
  3. To promote regional integration and cooperation through the establishment of regional economic communities (RECs) and the implementation of the African Continental Free Trade Area (AfCFTA).
  4. To promote good governance and democracy through the implementation of the African Union's Democracy and Electoral Assistance Programme (DEAP).
  5. To promote peace and security through the implementation of the African Union's Peace and Security Council (PSC) and the African Standby Force (ASF).

NEPAD is implemented through a number of initiatives and programs, including:

  1. The African Union's Agenda 2063, which sets out a vision for Africa's development over the next 50 years.
  2. The African Union's Poverty Reduction Strategy (PRSP), which sets out a framework for reducing poverty and inequality in Africa.
  3. The Millennium Development Goals (MDGs), which were adopted by the United Nations in 2000 and aim to reduce poverty and improve living standards in developing countries.
  4. The African Continental Free Trade Area (AfCFTA), which aims to create a single market for goods and services across Africa.
  5. The African Union's Democracy and Electoral Assistance Programme (DEAP), which aims to promote good governance and democracy in Africa.
  6. The African Standby Force (ASF), which aims to promote peace and security in Africa.

NEPAD is implemented through a number of institutions and agencies, including:

  1. The African Union Commission (AUC), which is the secretariat of the African Union and is responsible for implementing the AU's policies and programs.
  2. The New Partnership for Africa's Development (NEPAD) Agency, which is responsible for implementing NEPAD's programs and initiatives.
  3. The African Development Bank (AfDB), which is a regional development bank that provides financing and technical assistance to African countries.
  4. The United Nations Development Programme (UNDP), which provides technical assistance and support to African countries in their development efforts.
  5. The World Bank, which provides financing and technical assistance to African countries in their development efforts.

Overall, NEPAD is a comprehensive and integrated approach to development that aims to promote economic growth, reduce poverty and inequality, and promote peace and security in Africa.