About the Compact with Africa

The Compact with Africa (CWA) was initiated by the German presidency in the Finance Track, endorsed by the G-20 finance ministers and central bank governors in Baden-Baden in March 2017, to promote private investment in Africa, including in infrastructure. Central to the CWA is the concept of mutual commitments to measures and instruments to improve the framework conditions for private investment, including in infrastructure. The aim is to develop comprehensive, coordinated, and country specific investment compacts between individual African countries, international organizations (IOs), and other partners. Investment Compacts will specify measures and instruments to improve the macro, business and financing frameworks.

Possible measures and instruments for investment compacts are laid out in the CWA report jointly prepared by the African Development Bank, International Monetary Fund, and World Bank Group. The first seven African countries to express interest in individual Investment Compacts are Côte d’Ivoire, Ethiopia, Ghana, Morocco, Rwanda, Senegal, and Tunisia. Country authorities of these countries are working with the three IOs to flesh out draft investment compacts. The initiative is demand-driven and open to all African countries. Read More.

G20 Leaders' Declaration, Hamburg, 7/8 July 2017

"We welcome the outcomes of the G20 Africa Partnership Conference in Berlin, which highlighted the need for joint measures to enhance sustainable infrastructure, improve investment frameworks as well as support education and capacity building. Individual priorities for “Investment Compacts” were put forward by Côte d'Ivoire, Ethiopia, Ghana, Morocco, Rwanda, Senegal and Tunisia. Led by the respective African countries, the African Development Bank, IMF and WBG as well as the G20 and other partners, these Compacts aim to mobilise private investment as well as promote efficient use of public funding.

We are ready to help interested African countries and call on other partners to join the initiative. We support the goals of the Partnership through complementary initiatives as well as encourage the private sector to seize African economic opportunities in supporting sustainable growth and employment creation."   
Copyright: G20 GERMANY 2017, HAMBURG
 

Events


June 12-13, 2017

G-20 Africa Partnership—Investing in a Common Future
June 12-13, 2017
Berlin, Germany

October 11, 2017

CWA-IIF Financial Investor Event
October 11, 2017
Washington, D.C.

October 12, 2017

Africa Advisory Group Meeting
October 12, 2017
Washington, D.C.

View All

Compact Countries

    Côte d’Ivoire
       
    Ethiopia
       
    Ghana
       
    Morocco
       
 

 

    Rwanda
 
    Senegal
       
    Tunisia
       

Partners Organization

    G-20
       
    African Dev. Bank Group
       
    International Monetary Fund
       
    World Bank Group
       
Joining Forces
  "I would also like to thank the G-20 under the leadership of Germany for this innovative initiative of emphasizing the private sector. Innovative because, in the past our cooperation has been mainly focused on the public sector, and it is high time that the private sector takes center stage…We in Rwanda have seen our long‑term development through the eyes of private sector development…The Compact with Africa comes at the right time, as many African countries have been reforming the environment to make it more conducive to private investment."

Claver Gatete, Minister of Finance and Economic Planning, Rwanda
     
 

“We see the CWA as a long-term, demand-driven process. It is open to all African countries that are interested in improving their investment environment on a sustainable basis. The decision-makers are the African countries: They will determine what they want to do to improve conditions for private investment, with whom they want to cooperate, and in what form.”

Wolfgang Schäuble, German Federal Minister of Finance

     
 

“I want to commend the German government for making the Compact with Africa a G20 priority this year. This compact has the potential to mobilize investment and energize inclusive economic growth in Africa. The IMF greatly appreciates the support of the German government for our capacity-building efforts in Africa and we are very pleased to participate in this important initiative.”

Christine Lagarde, Managing Director International Monetary Fund

Resources

Federal Ministry of Finance. 2017. "Ger­many, the G20, pro­tec­tion­ism and the Com­pact with Africa." The Ger­man G20 pres­i­den­cy.

International Monetary Fund. 2017. "Germany and IMF Strengthen Capacity Development Cooperation in Africa." IMF Press Release NO. 17/140, IMF, Washington, DC.

Federal Ministry of Finance. 2017. "G20 Com­pact with Africa."  The Ger­man G20 pres­i­den­cy.