FOSTERING SUSTAINABLE GROWTH,EMPLOYMENT CREATION
AND POVERTY REDUCTION
Contact Information
Requests for further information, including details on how
to participate in the Initiative and its Steering Groupcan be addressed to the NEPAD and OECD Secretariats.
From the NEPAD secretariat:
Mr. Victor Mathale, Advisor
E-mail: VictorM@nepad.org
Tel.: +27 (11) 313 3384
Fax: +27 (11) 313 3583
From the OECD secretariat:
Mr. Karim Dahou, Executive Manager
E-mail: Karim.Dahou@oecd.org
Tel.: +33 (0)1 45 24 19 38
Fax: +33 (0)1 44 30 61 35
Mr. Toru Homma, Project Manager
E-mail: Toru.Homma@oecd.org
Tel.: +33 (0)1 45 24 84 48
Fax: +33 (0)1 44 30 61 35

HOW WE WORKThe Initiative is governed by a Steering Group The Steering Group provides
strategic direction, oversees the work programme, mobilises political andﬁnancial support and assists in the dissemination of outputs of the Initiative.
The Chief Executive of the NEPAD Secretariat chairs the Steering Group
with Vice Chairs from a NEPAD and an OECD country. Other members
include senior investment experts from NEPAD countries, OECD countries,
the AU Commission, the Regional Economic Communities, internationalorganisations, the Africa Partnership Forum, the Investment Climate Facility
for Africa (ICF), the donor community, and the private sector.

MORE EFFECTIVE POLICIESFOR INVESTMENT
The NEPAD-OECD Africa Investment
Initiative aims to foster sustainablegrowth, employment creation andpoverty reduction. It supports Africancountries in improving their capacity toidentify and implement concrete policy
reforms that strengthen the investment
climate. The Initiative takes advantageof the OECD peer learning method andinvestment policy tools such as the PolicyFramework for Investment, the mostcomprehensive and systematic approach
for improving investment conditions everdeveloped. The Initiative – an integral
part of the OECD Investment forDevelopment programme – has three
distinct objectives:
Support African government efforts
to develop concrete measures toimprove the investment climate in
African countries;
Raise the proﬁle and image of Africa
as a place in which to invest, facilitate
regional co-operation among Africancountries and give an African voice ininternational dialogue on policies forinvestment;
Strengthen and support Africancountries’ own capacity to design,implement and advance a resultoriented national reform agenda toimprove the investment climate.

The work of the Initiative focuses only
on areas of technical need and where
OECD experience, expertise and work
methods can make a real difference.
It harnesses the comparative strengths ofOECD investment-related co-operation
with non-members, such as:■ a partnership approach to policy

capacity building based on sharingof experience and peer learning;■ multilaterally-backed investment

policy tools that can be adapted anddeveloped by African countries fortheir speciﬁc needs;■ a forum for policy co-operationand dialogue based on comprehensive,
coherent and process-oriented policy
assessments;■ a facilitating role for mobilising otherﬁelds of OECD expertise;■ high-level support from theinternational community, notably
declarations and statements fromsuccessive G8 Summits.

The Initiative uses the Policy Framework
for Investment, OECD Principles forPrivate Sector Participation in Infrastructure and other tools and instruments
to identify obstacles to investment,
assess priorities for reform, and build
capacity in African countries to assess
the investment climate. The Initiative
thus expects to foster better-informed
decision-making and more effective
policies for investment.

IMPROVING GOVERNMENT POLICY
The Initiative aims to improve government
policy aimed at attracting private investment for poverty reduction, job creationand sustainable development in Africa byfocusing on:■ consolidating regional dialogue on

investment policies, including reforms
aimed at facilitating regional infrastructure projects and strengthening
the African Peer Review Mechanism’s(APRM) investment dimension;■ supporting pilot countries that are

seeking to review and reform theirinvestment framework; and■ engaging the private sector as an agent

for reform and reinforcing the dialogue
with African governments on issues
such as corporate responsibility.

STRONG AFRICAN OWNERSHIP
African countries and their OECD
counterparts are the main stakeholders
in the Initiative. For African partners, thebeneﬁt of co-operation with the OECDis linked to the OECD role as a catalyst
and hub for international policy dialogue
for developing and adapting policy tools
and peer learning methods to an Africancountry context. The OECD partnershipalso offers African countries a vehicle
for policy co-operation with the world’s
major investing countries without strings
attached. Likewise, OECD countries
beneﬁt from the adoption of highinvestment policy standards regardingtransparency, openness and corporate
responsibility in African countries.
To date, the Initiative’s work has supported
NEPAD countries in improving theinvestment-related content of the African
Peer Review Mechanism and enhanced
the capacity to implement investment
climate reforms in infrastructure sectors
such as water and sanitation and transport.