African leaders, government agencies, business leaders, finance and development institutions, private investors, commercial banks, pension fund representatives, bond market operators and insurance companies are all slated to attend the two-day meeting.
The AfDB, represented by its President,
"We have relied on external funding to finance our infrastructure for a long time. It is now time for the
Given the lack of well-prepared projects to meet growing demand by investors in the infrastructure sector, the Dakar Financing Summit will to respond to the request made to define in detail a series of infrastructure projects.
A greater role in the preparation of projects
The AU implementation strategy turns on three major axes, namely:
•Intensifying collaboration with key partners to build capacity within the institutional architecture for the development of infrastructure in
By bringing together decision-makers from the public and private sectors, the summit will provide a space to find practical ways to improve the preparation of projects and to identify innovative funding structures involving both public and private finance.
The summit will highlight a suite of pilot projects from the PIDA Priority Action Plan. The goal will be to allow project promoters and developers, and investors, to consider the risks linked to projects, regulatory constraints and other obstacles to their projects' financial viability.
Expected outcomes of the summit include:
•Top-level political support from the African countries and regional economic communities (RECs) that will be the main project owners; and•A commitment from the private sector to finance selected specific regional projects as a first phase, before updating the Programme for
The Dakar Financing Summit has been organised under the high patronage of the President of
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