1. Composition

Economists, business leaders, policy analysts, and representatives from African ministries of finance.

1. Key Responsibilities
2. Analyze current economic structures in Africa and identify opportunities for self-reliance.
3. Develop an Afrocentric economic model that promotes intra-African trade, sustainable resource management, and economic diversification.

• Recommend strategies for attracting foreign investment and fostering entrepreneurship across Africa.

1. Propose solutions for addressing Africa’s debt burden and promoting economic justice.
2. Strategies for industrialisation of Africa and achieve economic self-reliance and reducing dependency
3. Strategies to integrate commutative and distributive policies in the economic framework

1. Deliverables

Deliverables for Panafrikan Technical Working Group on African Economic Development

The Panafrikan Technical Working Group on African Economic Development (PTWG-AED) aims to produce a comprehensive policy document outlining strategies for achieving economic liberation and prosperity across Afrika. Here are some potential deliverables for this Working Group:

1. Situational Analysis

An in-depth analysis of the current state of African economies, including:

1. Strengths and weaknesses of different economic sectors (agriculture, industry, services) across the continent.
2. Challenges facing economic development, such as poverty, inequality, infrastructure gaps, and external dependence.

• Existing regional economic integration initiatives (e.g., African Continental Free Trade Area (AfCFTA)) and their effectiveness.

2. Policy Framework

A clear and concise framework outlining key policy areas for economic development in Afrika. This could include:

1. Trade and Investment: Strategies to promote intra-African trade, attract foreign direct investment (FDI), and diversify export markets.
2. Industrialization and Job Creation: Policies to support the development of strategic industries, create decent jobs, and empower local entrepreneurs.

• Financial Inclusion and Resource Mobilization: Strategies to expand access to financial services, mobilize domestic resources, and manage external debt responsibly.

1. Science, Technology, and Innovation (STI): Policies to promote research and development (R&D), build technological capacity, and leverage innovation for economic growth.
2. Sustainable Development: Strategies to ensure economic development is environmentally sustainable and promotes social equity.
3. Actionable Recommendations

Specific, measurable, achievable, relevant, and time-bound (SMART) recommendations for implementing the proposed policy framework. These recommendations should be:

1. Targeted: Addressing the specific needs and challenges of different African countries and regions.
2. Action-oriented: Outlining concrete steps that the continent, civil society organizations, and the private sector can take.

• Phased Approach: Prioritizing short-term, medium-term, and long-term goals for economic development.

4. Monitoring and Evaluation Framework

A framework to monitor and evaluate the progress made in implementing the policy recommendations. This could include:

1. Key performance indicators (KPIs) to track progress in achieving economic development goals.
2. Mechanisms for collecting data and reporting on progress.

• A process for reviewing and updating the policy framework as needed.

Additional Deliverables

Research Papers: Commissioned research papers on specific aspects of African economic development, informing the policy framework.

Case Studies: Highlighting successful economic development initiatives from different African countries, providing practical learning experiences.

Advocacy Tools: Developing toolkits and resources to support stakeholders in advocating for the implementation of the policy recommendations.

Dissemination Strategy:

A clear plan for disseminating the PTWG-AED’s policy document and recommendations to a wide range of stakeholders, including:

1. African governments and policymakers
2. Regional economic communities (RECs)

• Civil society organizations (CSOs)

1. The private sector
2. Development partners
3. The African public

1. Timeline

• Month 1-3: Review existing systems and gather data.
• Month 4-6: Develop the Afrocentric economics framework.
• Month 7-9: Refine recommendations and strategies.
• Month 10-12: Finalize deliverables and prepare presentations.