G20 Compact with Africa

By Rob Floyd, Kapil Kapoor, and Laura Sennett

Abstract

The G20 Compact with Africa (CWA), under the G20 Finance Track, promotes sustainable development in reform-minded African countries by improving the framework conditions for mobilizing private sector investments. The initiative identifies commitments in the macroeconomic, business and financing frameworks that form country-led investment compacts. The CWA is governed through the G20 Africa Advisory Group (AAG), co-chaired by Germany and South Africa. The African Development Bank Group, the International Monetary Fund, and the World Bank Group coordinate the initiative. While the CWA has been successful to date, it could benefit from further coordination of stakeholders as recommended in this brief.