Through NEPAD the African leaders aim to fundamentally change the development paradigm. The narrow approach of the Poverty Reduction Strategy Papers (PRSPs) is to be replaced by a comprehensive and holistic approach to development. Various projects have been prepared to meet that objective, among which we have the APRM, and the CAADP.

APRM

The African Peer review Mechanism (APRM) is an initiative expressing the clear determination of African leaders to address corruption, poor governance and inefficient and ineffective delivery of public goods and services to their citizens. The APRM is highly innovative and is well received by both Africans and the international community to enthrone good governance in all its ramifications on the continent. It is an instrument voluntarily acceded to by Member States of the African Union as an African self-monitoring mechanism. The mandate of the African Peer Review Mechanism is to ensure that the policies and practices of participating states conform to the agreed political, economic and corporate governance values, codes and standards contained in the Declaration on Democracy, Political, Economic and Corporate Governance.

The primary purpose of the APRM is to foster the adoption of policies, standards and practices that lead to political stability, high economic growth, sustainable development and accelerated sub-regional and continental economic integration through sharing of experiences and reinforcement of

successful and best practice, including identifying deficiencies and assessing the needs for capacity building.

Less than three years after approval of the standards, guidelines and procedures, 26 countries has acceded to reviews, two of which - Ghana and Rwanda - have been completed

Declaration on Democracy, Political, Economic and Corporate Governance