The World Bank, NEPAD and Africa's development

Abstract

After many years of a stale mate process changes in development discourse \nprecipitated a new understanding of the special case of developing countries. This \nnew environment allowed for regional initiatives like NEPAD to emerge and advance \na new framework on Africa’s development and engagement with the international \ncommunity. \nThe paper shows how through the establishment of NEPAD there was a revival of the \nAfrican agenda and new attention was given to development issues of the continent. \nThe initiative has the support and backing of the World Bank to ensure its \nsustainability and effectiveness in a globalised international system. The research \nargues that the relationship between NEPAD and the Bank is a crucial ingredient in \nthis. This results better policy development, implementation and project management. \nThe implication that this carries for African policy making is that the continent has to \nadapt itself to changes in the international system. It is the adoption of neo-liberal \npolicies into the framework of NEPAD has ensured its survival. This has allowed it to \ngain acceptance and support from leading international role players, such as the EU, \nIMF and most important the World Bank. It is being heralded as a breakthrough in \ndevelopment policy from the continent. This is because it puts the responsibility of \nfinding new ways of solving the continent’s problems upon African’s themselves and \ncreates an opportunity to engage the international community in this Africa-led \nprocess. \nThe partnership is sustained by shared values between the Bank’s framework and \nNEPAD. That development must be a long term strategy; it must be country owned \nand drive; it should strive to build strategic partnerships with the private sector and \nthe international community to support projects and it must have clear, realistic and \nachievable goals. The complementary policy frameworks result in the design and \nimplementation of effective projects between NEPAD and the Bank. This results in \nthe endorsement of a unified development objective and renders the partnership \nstrategic in promoting effective development progress

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