EPSA Scheme Overview

Transcription

1 EPSA Scheme Overview MOU between the AfDB and JICA EPSA (Enhanced Private Sector Assistance for Africa) JICA ODA Loans and Supervision ACFA Accelerated Co-financing Facility for Africa Annual consultation on Project Finding / Implementation Policy discussion Info. sharing Sovereign Guaranteed Projects AfDB/AfDF Loans and Supervision Concrete Commitment NSL JICA Direct Loan to the AfDB PSO AfDB JICA ODA Loans Provide Loans and supervise projects Non-sovereign Private Sector Projects FAPA Fund for Private Sector Assistance GoJ FAPA Secretariat within AfDB Technical Assistance Commit JICA ODA loans up to 2 billion USD by

2 The Bank s PSD Agenda in Context EPSA SEMINAR, TOKYO JUNE 13, 2014

3 1. KEY CHALLENGES FOR THE PRIVATE SECTOR IN AFRICA

4 Key Constraints for Africa s Private Sector Investment and Business Climate Inadequate Policy Environment at Macro and Micro level Bureaucracy, red tape and weak institutions Underdeveloped financial markets Skills mismatch Social and Economic Infrastructure Inadequate physical infrastructure Poor interconnectivity between markets Inefficient soft infrastructure Enterprise Development Informality and lack of scale, esp. for MSMEs Limited access to finance Low innovation, productivity, and competitiveness Inadequately trained workforce Weak value-chain linkages

5 2. THE BANK S PSD STRATEGY ( ) IN BRIEF

6 The Bank s PSD Agenda in Context Inclusive Growth Strategy Gradual Transition to Green Growth Infrastructure Development Regional Integration Private Sector Development Governance and Accountability Skills and Technology Vision - A competitive private sector: the engine of economic growth and poverty reduction Investment and Business Climate Enterprise Development Social and Economic Infrastructure

7 Bank s Strategic Architecture for PSD PSD one of the five operational priorities in the Bank s Ten- Year Strategy PSD Policy and Strategy approved in May & June 2013; respectively Implementation of Strategy the concern of the entire-bank

8 Pillar 1: Investment & Business Climate An Enabling Business Climate Improve Policy Environment Improve Institutional and Regulatory Framework Deepen Financial Markets Analytical Work Policy Dialogue Policy Based Operations Investment Operations Technical Assistance NSL FAPA

9 Pillar 2: Social & Economic Infrastructure Improve Transport and Logistics Analytical Work Increased Access to Infrastructure Improve Access to Energy Policy Dialogue Policy Based Operations ACFA & NSL Resolve other Hard and Behind the Border Infrastructure Investment Operations Technical Assistance FAPA

10 Pillar 3: Enterprise Development Development of a Dynamic Entrepreneurial Sector Improve Access to Capital Improve Enterprise Capacity and Competitiveness Develop Value Chains and Linkages Analytical Work Policy Dialogue Policy Based Operations Investment Operations Technical Assistance NSL FAPA

11 PSD & the TYS Areas of Special Emphasis Fragile States Create much needed job opportunities in fragile states and situations Agriculture & Food Security Support agriculture value chains to enhance food security Gender Support economic empowerment and entrepreneurship of women

12 3. TOWARDS EFFECTIVE IMPLEMENTATION

13 Key Factors Affecting Implementation Dedicated and Creative Leadership Joint Ownership across the Bank Renewed and more Strategic Partnerships

14 Partnership and Strategy Implementation To maximize its impact, the Bank will have to scale up its partnerships in furthering its PSD agenda. Special emphasis will focus on: Developing new partners outside its more traditional/historical ones A focus on more strategic initiatives in support of PSD Knowledge generation, management and brokerage