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


November 27, 2017

6th EU Africa Business Forum
Abidjan, Côte d’Ivoire

November 29-30, 2017

CWA Investor Event
Abidjan, Côte d’Ivoire

December 4-6, 2017

SuperReturn Africa
Cape Town, South Africa

December 7-9, 2017

Africa 2017: Business for Africa and the World
Sharm El-Sheikh, Egypt

View All

 

    Benin
       
    Cote d'Ivoire
       
    Egypt
 
    Ethiopia
       
    Ghana
       

 

    Guinea
       
    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