GENEVA, 8 July 2019 – At the 7th Global Review of Aid for Trade, the United Nations Industrial Development Organization (UNIDO) and the Permanent Mission of Japan to the International Organizations in Geneva organized an event to explore innovative approaches to leverage ODA for increased investment in economic infrastructure and manufacturing industries in Africa.
“UNIDO actively supports the industrialization priorities of Africa: at the level of the continent, UNIDO is supporting the African Union (AU) in the implementation of the Third Industrial Development Decade for Africa (IDDAIII)”, said UNIDO Deputy Director General Hiroshi Kuniyoshi. “At country-level, our Programme for Country Partnership (PCP) is the most appropriate model to mobilize investment and build productive capacity at scale”.
The event deliberated upon the opportunities, challenges and solutions related to attracting investment and industrial development, which is high on the agenda in the continent.
“Human resources and infrastructure development are very important to attract business opportunities”, said Toshiro Iijima, Deputy Assistant Minister. “Connectivity is key, as our joint initiative for infrastructure development with the African Union shows”.
The participants discussed experiences, success stories, initiatives and lessons learned in encouraging investment in Africa.
“Aid for Trade can contribute to addressing supply-side constraints, supporting industrialization, building trade-related capacities and linking domestic products to international markets”, said Ethiopian Ambassador Zenebe Kebede Korcho. This view was fully shared by Mr. Axel Pougin de La Maisonneuve from the European Commission, who stressed that the EU’s development and aid for trade policies in Africa are focused on value addition and industrialization
The event was held on the sidelines of the Aid for Trade Global Review 2019, which attracted more than 1,500 participants from around the world.
For more information, please contact:
Frank Van Rompaey
UNIDO Geneva Office