To which extent the framework and initiatives for EUAfrica relations are still fit for purpose, in particular in terms of mobilisation of resources for Africa’s resilience and sustainable
development, or must be adapted to better respond to the new era of poly-crises?
Three concurrent crises — climate change, the COVID-19 pandemic and the conflict in Ukraine — have combined to worsen food insecurity and malnutrition around the globe. Extreme climate events are becoming more frequent and severe, magnifying the already higher food prices caused by agricultural supply chain disruptions precipitated first by the pandemic and now by geopolitical turbulence. The Rome Based Agencies are called to provide concrete and effective responses to these multi-crises. This report is the result of an Open Consultation Forum organised with IFAD running candidates in June 2022.
In France, blending operations are implemented by the public development bank (PDB) Agence Française de Développement (AFD) and the development finance institution (DFI) Proparco. Proparco has gained a larger role in recent years, reflecting a growing recognition of the need to mobilise private investment. Proparco is part of the AFD Group and in charge of all development operations with the private sector. Its latest capital increase dates back to 2020, bringing its share capital to €984 million. AFD is France’s main implementation agency.
The European Bank for Reconstruction and Development (EBRD) has longstanding experience in coordinating and working with donors. The EBRD relationship with donors takes different forms, such as co-financing (e.g., grant support, concessional finance and guarantees), technical assistance and policy dialogues. The focus ranges from strategic considerations to more concrete actions. The relationship can be materialised through donor facilities, such as the Green Climate Fund, or through EBRD-established multi-donor funds, agreements with bilateral donor countries, such as the United States, Switzerland and Japan, or collaborations with the European Union (EU), for example, involving the European Commission and several EU member states.
In this policy brief, we analyse the direct effects and implications of the war in Ukraine on energy security, industrial supply chains, food security and environmental protection in the EU and in developing countries.
Innovation for the energy transition is given a prominent role in the green recovery action plan for Africa and the European Union’s Green Deal, with both continents seeking the transformation of their economies to tackle both climate change and the COVID-19 pandemic impacts while improving wellbeing of the population. There are many points of overlap between the two continents’ official agendas. But there are also many open questions and potential tensions especially around: access to energy for sustainable and inclusive industrial development; maintaining competitive value chain; addressing trade barriers; promoting knowledge transfer while protecting intellectual property rights; using gas, and promoting hydrogen. If well-managed, innovation for the energy transition can act as catalyst for a shared prosperity for the two continents. This blogpost was written by the members of the Ukama Platform’s steering committee ahead of the European Union-Africa Union Summit.
