Objective: To strengthen the capacity of member States to design, implement and monitor sound macroeconomic policies, including financial, monetary and external trade policies, in order to achieve higher economic growth and sustainable development, consistent with the priorities of NEPAD.

EXPECTED ACCOMPLISHMENTS (EAs) AND INDICATORS OF ACHIEVEMENT (IoAs) - (2008-2009)

EA1:      Strengthened national capacity to design, implement and monitor sound macroeconomic policies, including financial, monetary and external trade policies, in order to achieve higher economic growth and sustainable development, consistent with the priorities of NEPAD

IoA1:. Increased number of countries adopting growth-enhancing policies and strategies as a result of ECA advisory services

EA2:  Enhanced knowledge and skills of policymakers in designing and implementing sound macroeconomic policies and programmes, including financial, monetary and external trade policies

IoA2: Increased number of participants trained who are able to design and implement sound macroeconomic policies, including financial, monetary and external trade policies

Main results to date:

Result 1: Enhanced capacity of the African Group, and effective participation in the negotiations of the DDA. The African Group has become a serious player in Geneva; an unprecedented development is the number of committees and sub-committees chaired by the members’ representatives, which has increased from four to eight. Brought together the African Group (including African Union representative) before major meetings to coordinate and synthesize their negotiating positions.

Result 2: Number of common negotiating positions developed by African countries in the WTO negotiations has increased. Better informed positions at the WTO. The African Group has developed a number of proposals, statements and submissions to the various Negotiating Committees and organs on the WTO with support of the ECA Geneva Office. Contributed to the increase in number (from 2 in 2005 to 8 in 2009) of African Group chairs for WTO bodies.