NEPAD-IPPF IN BRIEF
NEPAD-IPPF IN BRIEF
NEPAD-IPPF is a multi-donor Special Fund hosted by the AfDB, which supports African countries to prepare regional infrastructure projects in energy, transport, ICT and transboundary water. It is currently supported by a number of Donors including Canada, Germany, UK, Spain, Norway and Denmark. Over its ten year existence since 2005, NEPAD-IPPF has prepared over 60 regional infrastructure projects, half of which have reached financial closure resulting in investment financing of over US6 billion, thus, responding directly to Africa’s integration and development efforts.
MISSION AND STRATEGY
NEPAD-IPPF was designed specifically to address one of the key constraints to infrastructure development in Africa, the lack of investment-ready projects. It aspires to be the premier project preparation facility on the continent.
MISSION AND STRATEGIC OBJECTIVES
- To increase the number of economically, environmentally, socially and gender responsive regional infrastructure projects prepared and implemented;
- To increase funding for the preparation of bankable regional infrastructure projects;
- To improve interaction among stakeholders in the preparation of regional infrastructure projects.
WHAT WE DO
NEPAD identified infrastructure as one of the main drivers of economic growth and poverty reduction in Africa and understood that the present state of infrastructure, as well as the gap between Africa and most other regions of the world, constituted a serious handicap to the improvement of African economies’ productivity and competitiveness. It is in line with this imperative that, IPPF supports the development of regional and continental infrastructure with grants to African governments, Regional Economic Communities (RECs) and African infrastructure-related institutions to prepare high-quality viable transboundary projects in energy, transboundary water resources, transport and ICT.