Launched in 2017 under Germany’s G20 Presidency and co-chaired by Germany and South Africa it brings together G20 countries, African governments, international financial institutions such as the WBG, IMF and AfDB, African policy institutes like ACET, and private investors — all aligning efforts and pooling expertise to scale impact In its first phase, the Compact supported 13 countries to strengthen economies, improve business environments, and attract investment — mobilizing private capital and supporting thousands of firms. Now entering its second phase (2025–2033), the Compact aims to scale up ambition and impact — deepening partnerships, aligning reforms with investment opportunities, and focusing on measurable outcomes that drive private investments and job creation.
The Compact with Africa 2.0 Umbrella Multi-Donor Trust Fund (2025–2033) is the World Bank Group's platform for financing, partnerships, and knowledge under the G20 Compact with Africa initiative. It aims to support African countries to mobilize private investment and create jobs.
The Program will deliver greater ambition, stronger results, and deeper private sector engagement by:
The Phase 1 of the World Bank Group Compact with Africa multi-donor trust fund was generously funded by Netherlands, Germany and Norway.
