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NEPAD
A new partnership for Africa's development
Ministers from Algeria, Egypt, Nigeria, Senegal, and South Africa were guests of honour at the OECD ministerial council in Paris on 16 May, 2002 when they met to discuss financing development in general and ways forward for OECD - NEPAD co-operation in particular. All agreed that NEPAD was a promising initiative that had to be advanced. Several areas were considered, including:
Enhancing African participation in existing OECD Global Forums and other outreach activities in areas such as investment, trade, good governance, the reinforcement of statistical capacities and sustainable development;
Exchanging views and experience on peer review mechanisms and the requirements necessary for African countries to apply them effectively;
Consulting in a spirit of mutual trust and partnership on best development practices, aid effectiveness and on development benefits of trade, investment, good governance and approaches to sustainable development.
The OECD is working closely with other international bodies also involved with NEPAD to avoid duplication of effort and improve results