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Africa Regional Integration

Partnering with regional economic communities and the private sector

Regional economic communities (RECs) are the building blocks and implementing arms of the African Union¡¯s continental integration agenda. They serve as convening bodies for discussions among member states on matters relating to transboundary, socio-economic, free movement of people and goods, and security concerns. ľ¹ÏÓ°Ôº Group is strengthen its partnership with the RECs by: 

  • Streamlining partnerships around key priority areas that leverage their respective comparative advantages 

  • Strengthening the dialogue with a focus on the implementation of agreed projects for better outcome

  • Supporting capacity-building efforts for projects coordination, deepening cooperation, and for advancing key priorities

Experience from shocks, including the COVID-19 pandemic, shows that keeping companies solvent is key to saving jobs and limiting the economic damage. ľ¹ÏÓ°Ôº Group is enhancing private sector-led economic recovery in Africa by: 

  • Supporting private sector engagement in fragile and conflict-affected countries through the World Bank Group¡¯s collective operations 

  • Developing priority regional value chains to increase food security and help people connect to job opportunities 

  • Enhancing regional connectivity with larger markets through financial and trade integration projects

  • Leveraging private finance for the economic connectivity agenda by increasing private finance mobilization through World Bank Group regional integration projects 

 

 

Africa Regional Integration

Coming together to benefit each other

ľ¹ÏÓ°Ôº is collaborating with African countries and regional institutions to empower people, unleash trade, and optimize shared natural resources and economies of scale to achieve Africa¡¯s transformation.