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The Inaugural Summit of the AU of July 2003, in Durban, South Africa, endorsed the NEPAD progress report and initial action plan and encouraged member states to adopt the NEPAD Declaration on Democracy, Political, Economic, and Corporate Governance, and accede to the APRM. After years of difficulties and African pessimism, some leaders thought that it was time to act rather than wait for others to come and solve their problems. They realised that there was a need to create an atmosphere conducive to development and to create conditions that would encourage the private sector to invest in African economies.
Submitted by DriesVelt on 28 June 2009 - 9:53am. categories [ ]