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3.0 Global Development Challenges for Africa in 2006: Economic Report on Africa 2007

Written by: United Nations Economic Commission for Africa

Article Overview: This chapter deals with Africa’s global development challenges in 2006. These challenges particularly relate to trade negotiations at the multilateral and bilateral level and to financing development.

3.0 Global Development Challenges for Africa in 2006: Economic Report on Africa 2007

This chapter deals with Africa’s global development challenges in 2006.These challenges
particularly relate to trade negotiations at the multilateral and bilateral level
and to financing development. It is clear from analysis at the continental level that
results are mixed when trade negotiations and the financing development issues are
considered together. Thus, this chapter shows that although there is good news at
the level of financing development with progress in debt relief initiatives, commitment
to scale up aid in order to achieve the MDGs and agreement to improve aid
effectiveness, trade negotiations are far from realizing Africa’s priorities. In particular,
at the level of multilateral trade negotiations, there has been limited progress
towards addressing the priorities of Africa in a way that would enable trade to realize
its potential as a key pillar for economic development of the continent. In the same
vein, bilateral trade negotiations especially between African countries and developed
country economies such as is the case with the EU are raising major challenges given
the centrality of reciprocity in these negotiations.

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  References: What Drives China’s Growing Role in Africa?
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Article Tags: Africa, bilateral level, bilateral trade negotiations, challenges, development, economic development, financing development, multilateral trade negotiations, trade negotiations



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