According to the world bank, africa s working age population has. Commission auc initiative, in partnership with the nepad planning and. Improved infrastructure would facilitate increased intra. A strategic framework for regional and continental infrastructure transport, energy, trans. The african union heads of state and government formally endorsed pida through the adoption of the declaration on the programme for infrastructure development in africa doc. The programme for infrastructure development in africa.
The bank is the executing agency for the programme for infrastructure development in africa pida. Infrastructure plays a key role in economic growth and poverty reduction. The new partnership for africa s development nepad, 5 established in 2001 under the african union au, supported the programme for infrastructure development in africa. Programme for infrastructure development in africa pida african. Conversely, the lack of infrastructure affects productivity and raises production and transaction costs, which hinders growth by reducing the competitiveness of businesses and. This conti nental initiative, based on regional projects and programmes, will help.
One of the major challenges for the african continent in the upcoming years and decades will be to absorb the ever growing young population by sustainably creating new jobs. Pida is a continentwide program to develop a vision, policies, strategies and a programme for the development of priority regional and continental infrastructure in. Programme for infrastructure development in africa pida. Programme for infrastructure development in africa. Development bank afdbprogramme for infrastructure development in africa pida report the continents large infrastructure deficit is holding it back with road. Infrastructure and development within the context of africas. Economic infrastructure, subsaharan africa, development. Transforming africa through modern infrastructure closing the infrastructure gap vital for africa s transformation closing the infrastructure deficit is vital for africa s economic prosperity and sustainable development. Infrastructure development in subsaharan africa world bank. A continent wide infrastructure program to develop.
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