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The Compact with Africa—the Contribution of the IMF by Christine Lagarde

Instrument Available to Support Private Investment in CWA Countries

Explore Investment Opportunities in Africa

A prospering Africa is essential to achieve the goal of worldwide sustainable growth and stability-by Olaf Scholz

The G-20 Compact with Africa: A Joint AfDB, IMF and WBG Report

About the Compact with Africa

The G20 Compact with Africa (CwA) was initiated under the German G20 Presidency to promote private investment in Africa, including in infrastructure. The CwA’s primary objective is to increase attractiveness of private investment through substantial improvements of the macro, business and financing frameworks. It brings together reform-minded African countries, international organizations and bilateral partners from G20 and beyond to coordinate country-specific reform agendas, support respective policy measures and advertise investment opportunities to private investors. The initiative is demand-driven and open to all African countries. Since its launch in 2017, the CwA has sparked great interest. So far, twelve African countries have joined the initiative: Benin, Burkina Faso, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Rwanda, Senegal, Togo and Tunisia.

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Compact Countries

			Benin

			Burkina Faso

			Cote d'Ivoire

			Egypt

			Ethiopia

			Ghana



			Guinea

			Morocco

			Rwanda

			Senegal

			Tunisia

			Togo

Partner Organizations

			G-20 Japan

			G-20 Argentina 2018

			G-20 Germany 2017

			African Dev. Bank Group

			International Monetary Fund

			World Bank Group

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

Joining Forces 2017
		"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 from 2009-2017

		“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.