MULTINATIONAL - Institutional Support Project to the AfCFTA Secretariat for an Effective AfCFTA Implementation


Project Summary

Approval Date 14 Jul 2022
Signature Date 25 Jul 2022
Planned Completion Date 30 Sep 2025
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15124
Environmental Category 3
Commitment U.A 8,200,000
Status Implementation

Project General Description

The Institutional Support Project to the African Continental Free Trade Area (AfCFTA) Secretariat (Phase II) is an institutional support operation managed by the AfCFTA Secretariat and financed from ADF-15 resources in the form of a grant of UA 8.20 million. The project will help achieve the triple objective of strengthening the capacity of the AfCFTA Secretariat to successfully conduct the negotiation for the implementation of the AfCFTA, enhancing the capacity of the private sector, with a great emphasis on transition countries, women, and youth, to trade under the AfCFTA framework, and finally improve RMC’s capacities to develop their industrial base for trading under the AfCFTA. The project is structured under three components: (a) Institutional Strengthening of the AFCFTA Secretariat; (b) Support Private Sector in the implementation of the AfCFTA; and (c) Support development of climate-resilient regional and continental value chains to boost intra-Africa trade; in addition to project management. The proposed interventions will include the development and sharing of knowledge and practical insights to strengthen the capacity of both the public and private sector, as well as CSOs at national, regional, and continental levels, in implementing the AfCFTA. The Project will be implemented over a three-year period beginning in the fourth quarter of 2022 (October 2022 - September 2025).

Project Objectives

The main objective of the Institutional Support Project to the AfCFTA Secretariat - Phase II is to enhance sustainable intra-Africa trade and RMCs’ share of intra-Africa trade by scaling up the effective implementation of the AfCFTA. The Institutional Support will enable the AfCFTA Secretariat and RMCs (with particular focus on transition countries), to streamline and embed national and regional trade policy-related initiatives and move forward the African trade integration agenda through the effective implementation of the AfCFTA. This project will contribute to enhancing intra-Africa trade and Regional Member Countries (RMCs)’ share of intra-Africa trade by scaling up the effective implementation of the AfCFTA.

Beneficiaries

The direct beneficiary of the Institutional Support Project to the AfCFTA Secretariat (Phase II) is the AfCFTA Secretariat. The scope of the project is however continental, and the successful implementation of the AfCFTA rests on the effective capacitation of the Secretariat. The project is designed for the AfCFTA Secretariat to extend support to RECs and RMCs to meet implementation obligations under the AfCFTA, as well as the private sector, through technical trainings, to effectively trade under the AfCFTA. Because the project will be financed by the ADF RPG, the grant resources will be used to support only ADF countries (ADB countries excluded). However, its benefits will be non-excludable and non-exhaustible. This means that the ISP to the AfCFTA Secretariat will also indirectly benefit ADB countries, and by extension the African population.

Participating Organization

Funding
African Development Fund
Implementing
AFRICAN CONTINENTAL FREE TRADE AREA SECRETARIAT (AfCFTA)

Information

IATI identifier 46002-P-Z1-KF0-073
Last Update 24 Sep 2022

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Contact Details

Name FALL Abou
Email a.fall@afdb.org

Geographic Location

Country Multinational
Coordinates Location Name
5.55602 -0.1969 Accra