Resilience Action Network Africa (RANA)’s Post

Pandemic Action Network, Resilience Action Network Africa, and more than 20 CSOs, including WACI Health, The ONE Campaign, Global Citizen, and more, call on shareholders and IDA decision makers to take the lead and ensure that IDA is well-resourced to help countries respond to historic challenges, and advance the World Bank’s mission to end poverty on a liveable planet. The Africa Heads of State Summit (April 29) in Nairobi was an important moment to showcase the critical role that The World Bank’s International Development Association plays as the largest source of grants and low-cost loans for the world’s 75 poorest countries, 39 of which are in sub-Saharan Africa. The combined toll of the COVID-19 pandemic, accelerating climate change, food insecurity, growing debt distress, and other crises have led to a "historic reversal" in economic growth, which in turn has widened the income gap, stalled efforts to reduce poverty and hunger, and derailed progress toward the Sustainable Development Goals. Now is the time to move from words to actions. Read the full letter: https://lnkd.in/dsT4rW7W

The key to #unlocking Africa's potential i.e #Industrialisation #capability #development and #supply #chain reformulation ,is in the #regional #integration and #capacity #building. AUDA-NEPAD is the key ingredient to all of this. With bold strategic priorities like: 1. Integrating Africa's #economies; 2. Uplifting the welfare of #Africans and strengthening #effectiveness and capability of institutions 3. Building Healthy National and Regional Food Systems and Culture and Empowering Rural Communities 4. Facilitating access to affordable and sustainable energy 5. Promoting Climate Resilience, Environmental Protection and Sustainable Management of Natural Resources 6. Advancing African economies scientifically and technologically, intensifying generation and application of knowledge and innovation; Maximising #project delivery ensures that the #impact of achieving these #priorities is at scale. Positive impact at scale reduces the burden of poverty on #Africa. This is why this #partnership makes sense. With PMI MD: Sub Sahara Africa, George Asamani, MBA , living his true purpose of Building the Africa we want.

🤝 Commemorating 60 Years of Impactful Change: World Bank and Mauritania Partnership    Last week marked 60 years of partnership between Mauritania and the World Bank. An event celebrating this milestone focused on the significant impact this partnership has had on the poorest and most vulnerable in the country.    Held in Nouakchott, in the presence of Mr. Abdessalam Ould Mohamed Saleh, the Minister of Economy and Sustainable Development, the symposium emphasized the shared commitment to investing in the country’s #HumanCapital, which the Minister noted is ‘the engine’ of Mauritania’s development.     📖 The event also framed the launch of the World Bank’s Mauritania Human Capital Review, which you can read in English here:     EN: https://bit.ly/428B7qt       One compelling example of this partnership's impact is the story of Aunty Hindou. Her family, along with 200,000 of the country’s poorest and most vulnerable households, is registered under the single national registry. It was via this registry that she met the criteria to benefit from #SocialSafetyNets that have helped her to predictably plan her finances, invest in income-generating activities, and have the confidence to know that she can meet her children’s needs.     When extreme climate events struck, the country’s shock-response program ensured that for Aunty Hindou these climate shocks didn’t become crises. The program came to her support when she had lost everything due to first floods, then drought. During the four months of support, she was able to continue feeding her family, ensure their shelter, and access essential services.    🎬We invite you to watch #SASPP colleague Dieynaba Diallo, as she recounts Aunty Hindou's experience and join us in acknowledging the profound impact of this partnership. Her story underscores the World Bank’s ongoing commitment to creating a world free of poverty — on a livable planet. 🌱      #SASPP #PPSAS #BanqueMondiale #development #developpement #CapitalHumaine #FiletsSociaux   

++ African Development Bank Group and USAID Partner to Boost Development in the #Sahel ++ The African Development Bank Group and the United States Agency for International Development (USAID) have signed a landmark Regional Development Objective Agreement (RDOAG) to strengthen social and economic development in the Sahel. The signing ceremony was held at the U.S. Embassy in Dakar, Senegal. "This agreement is about unlocking the tremendous potential of the Sahel, building resilience, and fostering a more inclusive and prosperous future for its people. We believe that by working together with strategic partners like USAID, we can help tackle the immediate humanitarian needs of people in the Sahel while also driving long-term, sustainable development." - Lamin Barrow, Director General, West Africa Regional Development and Business Delivery Office "USAID is proud to partner with the African Development Bank to address the root causes of instability in the Sahel. This agreement will build on the long-standing relationship between the two institutions to provide meaningful and direct opportunities for the people of the region, ensuring they have access to economic growth, governance, and essential services." - Alyssa Leggoe, Mission Director, USAID/ Senegal #techafricanews #africa #sahel #boost #development #institutions #access #economic #growth #governance #essential #service

@UN Recommendations to Accelerate Sustainable Development Goals in Africa The report shows that Africa is on track to reach only less than three of the 32 targets assessed in this report (ASDR-2024) and that setbacks have been recorded for 8 of them, with slow progress or status quo registered for the remaining targets. The continent is also facing an alarming increase in the number of people facing hunger, undernourishment, and stunting. Modest progress in poverty reduction has been offset by multiple crises in recent years, and social protection is inadequate in coverage, fragmented, and largely informal. Comprehensive economic and institutional reforms to enhance efficiency and optimal use of resources are among the report’s recommendations.

#Africa is central to the worldwide mission to eradicate poverty on a livable planet, accounting for over 70% of IDA's global commitments. (The World Bank) The IDA for Africa Heads of State Summit is currently taking place in #Kenya. African governments, civil society, and youth will examine the key priorities for financing in Africa and push an ambitious financing replenishment of IDA21, the current IDA replenishment cycle. “With an historically large IDA replenishment, Africa can become an even stronger contributor to global prosperity and progress. This is a moment of incredible opportunity for Africa and for the world, to not just imagine a better future, but to build it for people and for the planet. Let’s not waste it,” say Mavis Owusu-Gyamfi (Vice President, African Center for Economic Transformation (ACET)) & Ndidi Okonkwo Nwuneli (CEO, The ONE Campaign) for African Business Magazine. In the article on their expectations for the summit they stress the importance of meeting the challenges and opportunities of the growing continent, among other things: https://lnkd.in/d3U25pGN We believe that joining forces in dialogue is key: At our Circle “Adapting the Global Financial Architecture: Leveraging #IDA for Multilateral Solutions” with partner The World Bank, we discussed the need to reform the Global Financial Architecture with a particular focus on the replenishment of #IDA21.

The Nairobi Summit was a significant event where African heads of state and government leaders, along with heads of international and regional institutions and organizations, convened with the goal of rallying support from the international financial community for an ambitious replenishment of the resources of the International Development Association (IDA) for its 21st replenishment cycle (IDA21). This summit was a historic demonstration of unity and commitment to Africa’s development. Leaders across the continent pledged to implement ambitious economic reforms, with the IDA positioned as a central element in this strategy. The summit also marked the formation of a powerful new coalition comprising civil society, foundations, the private sector, and youth, aimed at championing a robust replenishment of IDA’s resources to fuel Africa’s development. Key points from the summit include: A focus on strengthening governance, enhancing private sector job creation, mobilizing domestic resources, and delivering on climate change commitments. Prioritizing increased access to energy and digital technologies, as well as improving resilience to climate change and conflict. The Government of Kenya and the World Bank Group co-hosted the event, emphasizing the critical role of IDA and the global community in supporting Africa’s aspirations. President William Ruto of Kenya and World Bank Group President Ajay Banga highlighted the urgency for change and the continent’s potential, advocating for strong donor contributions to IDA21. The summit’s outcomes are expected to significantly impact sustainable economic growth, poverty alleviation, and improved living conditions across Africa. #NairobiSummit #IDA21 #AfricaDevelopment #SustainableGrowth #EconomicReform #ClimateAction #DigitalTransformation #EnergyAccess #GlobalPartnership #InvestInAfrica

Sub-Saharan #Africa (SSA) economic growth is highly impacted by increased fragility and conflict, the effects of which are further exacerbated by #climatechange, and high debt distress. Despite these challenges, the continent can harness its natural resources to improve fiscal and debt sustainability with strategic management, in accordance with #SDG 8.1: Sustain per capita economic growth in accordance with national circumstances […]. The World Bank Group is helping countries achieve climate and development breakthroughs, forging a new development path and unlocking SSA’s economic potential. Scan the QR code below to learn more about the various work and financial contributions of the World Bank in countries like, Angola, Togo, DRC, Liberia, Somalia and many others. Also don’t forget to visit our resource library at ACESWorld.org to find more engaging articles on the various Sustainable Development Goals (SDGs)

Empowering African Decision-Makers for a Just Transition   The African Development Bank, with support from the Climate Investment Funds (CIF), recently concluded its Just Transition Planning Masterclass in Nairobi, #Kenya. This initiative brought together 25 key policymakers, civil society organizations, and technical experts from Ghana, Kenya, Uganda, and Namibia to enhance their capacity for planning a fair and inclusive transition to #SustainableDevelopment.   Bubacarr Sankareh, Lead Advisor to the Director-General for East Africa Regional Development and Business Delivery Office, emphasized: "The transition toward clean and sustainable development will require transforming how we produce and consume energy, manage resources, and drive our economies. These transformations will disrupt economies and livelihoods. A just transition ensures these disruptions are addressed so no one is left behind. In Africa, it is about not only minimizing the negative impacts of climate action but also maximizing the development and prosperity that come from these transformative actions."   This masterclass is part of the African Development Bank's commitment to mobilize $25 billion by 2025 for climate action, as outlined in its Climate and Green Growth Strategic Framework (2021-2030).   Learn more about the Bank’s efforts to support clean and sustainable development in Africa: https://bit.ly/47TQ0zL #ClimateAction #PowerAfrica

Raising the bar for Africa’s prosperity #UNDP #EconomistImpact #IMF #RaceToResilience #WorldEconomicForum #WorldBank #ProsperAfrica #OECD #UnitedNation • Africa can gain inclusive growth by investing in its human potential. • It can collaborate to enhance its production capacities, technology sharing, and skills development that lead to a more robust and integrated economy. AfrogateResearch.net - Knowledge Empowerment, Research Visibility, and Impact