Many expect a win for the BJP and allies to help boost infrastructure investment?

A high-level event with focus on ways of tackling issues of Africa’s industrialization and infrastructure will be held later this week in Dakar, Senegal.

Many expect a win for the BJP and allies to help boost infrastructure investment?The high-level event scheduled for coming Sunday, March 26, seeks to develop regionally-driven recommendations for accelerating integration and industrialization in Africa, according to the Economic Commission for Africa (ECA).

Proposed by the UN Economic and Social Council (ECOSOC), the side event is expected to gather views, best practices and recommendations to feed into discussions at a Special Meeting of ECOSOC on “Innovations for Infrastructure Development and Promoting Sustainable Industrialization” to be held at UN Headquarters in New York in May, said ECA on Monday.

Organized by the ECOSOC and the ECA, the event will take place during the ECA’s second Africa Development Week in Dakar.

The meeting will also highlight infrastructure gaps facing the continent and focus on implementation of identified strategies, while identifying opportunities to leverage development cooperation, support infrastructure development and industrialization-promoting efforts, such as Africa’s Continental Free Trade Area (CFTA) aspiration.

Soteri Gatera, ECA’s Chief of Industrialization and Infrastructure Section in the Regional Integration and Trade Division, said industrialization and infrastructure development are crucial for the Africa’s economic transformation.

“That is why the ECA and the African Union have since the turn of the century dedicated significant efforts and time to advocate for innovative financing and policies for infrastructure and industrial development to accelerate Africa’s structural transformation,” said Gatera.

The third Industrial Development Decade for Africa (IDDA III) UN resolution, the Africa Union’s Agenda 2063 and the Sustainable Development Goals (SDGs) all emphasize the role industrialization can play in meeting their objectives, with infrastructure development as a necessary enabler.

Ministers and officials, representatives of agencies responsible for investment promotion, the AU and UN Agencies, civil society and the private sector, donors and development partners from African and other regions of the developing world are expected to attend the event. Enditem

Source: Xinhua/