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Publish Date : 21-Nov-2014

The African Development Bank Group’s (AfDB) Board of Executive Directors approved on Wednesday, November 19 the new Regional Integration Policy and Strategy (RIPoS) for the period 2014-2023, with focus on creating larger, more attractive markets, linking landlocked countries to international markets and supporting intra-African trade to foster the continent’s development. During the presentation to the Board, Sylvain Maliko, Director for NEPAD, Regional Integration and Trade, indicated that the RIPoS replaces the previous Regional Integration Strategy (RIS) and updates the Economic Cooperation and Regional Integration Policy of the AfDB. The RIPoS will guide the Bank’s support to countries and regional institutions in economic integration by leveraging the Bank’s role as a financier, catalyst and knowledge broker.

It places increased emphasis on enhancing trade and industrial development in order to create jobs and foster inclusive growth. It also places more focus on “soft” infrastructure issues such as trade facilitation, policy reforms and regional harmonization of policies and regulations related to infrastructure, trade and investment. AfDB President Donald Kaberuka noted that investments in these “soft” infrastructure issues require fewer resources, but they can make regional infrastructure more efficient, thus enhancing integration, promoting economic growth and improving development outcomes.

The Regional Integration and Trade Department of the AfDB led the preparation of the strategy, in consultation with the Bank’s regional member countries (RMCs), Regional Economic Communities (RECs) and key continental bodies, namely the Africa Union Commission (AUC), the United Nations Economic Commission for Africa (ECA) and the NEPAD Planning and Coordination Agency .There was also greater involvement of research institutions and think-tanks as well as private sectors bodies such as NEPAD Business Councils, transport corridor associations and development financial institutions. The RIPoS therefore reflects the views and has buy-in of a broad range of stakeholders.

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