Compact with Africa G20 Goals
The G20 Africa Partnership is a central project of Germany’s G20 presidency. Its aim is to improve conditions for sustainable private sector investment, investment in infrastructure, economic participation, and employment in African countries.
A key pillar of the G20 Africa Partnership is the Compact with Africa, an initiative within the G20’s finance track. It is coordinated by the German Federal Ministry of Finance.
The G20 acknowledges its special responsibility to join forces in tackling the challenges facing the poorest countries, especially in Africa. The Compact with Africa initiative aims to boost private investment and investment in infrastructure in Africa. Such investment is an essential precondition for strong, balanced and sustainable growth. However, spurring higher investment levels – particularly from foreign investors – requires improved conditions for investment.
The G20 Finance Ministers and Central Bank Governors met in Washington, D.C. on 20‑21 April 2017 and on the sidelines of the World Economic Forum on Africa in Durban, South Africa, on 3‑5 May 2017. In addition, an international conference on the “G20 Africa Partnership – Investing in a Common Future” will be held in Berlin on 12‑13 June 2017. The conference will provide backing for the G20 Africa Partnership and the Compact with Africa and will present Africa in all its modernity and variety to policy-makers and private investors.