(World Bank and AUC/DIE)

(GWP & AUDA-NEPAD)

(AfDB)

Opening Ceremony

Audio-visual presentation of DFS-2 Projects

Keynote Address and Official Opening

• His Excellency President Macky SALL, President of Senegal, Chairperson of the African Union

Opening Remarks

• H.E. Paul KAGAME, President of the Republic of Rwanda, Chairperson of NEPAD Heads of State and Government Orientation Committee (HSGOC)
• H.E. Faure Essozimna GNASSINGBE, President of the Togolese Republic, and Champion of the Single African Air Transport Market (SAATM)
• H.E Mr. Aїmene BENABDERRAHMANE, Prime Minister, People's Democratic Republic of Algeria
• H.E. Mostafa MADBOULY, Prime Minister, Arab Republic of Egypt
• H.E. Moussa FAKI MAHAMAT, Chairperson of the African Union Commission (AUC)

High-Level Panel: Synergies for Financing Economic Corridors Development under PIDA PAP 2

The Second Dakar Financing Summit for Infrastructure Development in Africa is built on the principle of the PIDA Integrated Corridor Approach, taking into account: job creation, urban-rural connectivity, economic equitability and financial viability, climate and environmental sustainability, and gender inclusiveness in designing cross-border infrastructure.

The Summit also takes into consideration of the needed synergy between Africa's multiplicity of Africa’s infrastructure partnerships (e.g. the EU's Global Gateway Initiative, the G7 Global Infrastructure Investment Partnership, the US Power Africa Initiative, China's Belt and Road Initiative, etc.) as critical to increase the effectiveness of support for infrastructure development.

The session aims to demonstrate the importance of a cross-sectorial and holistic approach in planning and financing infrastructure project in Africa.

The session seeks to provide a high-level platform to Development Finance Executives, captains of industries from the Private Sector, and African Political Leaders to share strategic visions and concrete solutions to finance infrastructure corridors in Africa.

The identification of strong policy recommendations and practical financing solutions for Africa to move beyond extractive infrastructure networks and achieve integrated economic corridors for sustainable provision of services, trade & economic opportunities.

The session will discuss the complexity of the institutional landscape of transboundary projects and how it affects the investability of such projects. Further, through panel discussion, the session aims to set forth best practices and practical action steps from experts, DFIs, and investors on ways to achieve bankability. Finally, this panel will illustrate challenges and solutions through experience sharing from the represented institutions.

The session will explore to key questions pertaining to project preparation such as:

• Research indicates only 20% of projects succeed in advancing towards bankability, how do we solve for this problem?
• Why is project preparation a key risk factor to financing Africa’s Infrastructure Projects?
• Understanding that Infrastructure development is major challenge in Africa, how do we ensure that more projects get funding investment?
• Has Africa quantified the estimated financial demand for project preparation?

A decade of Regional Infrastructure Development in Africa: First 10-year Progress Report of PIDA

2022 marked the 10^th anniversary since PIDA was officially adopted and highlighted the importance of a comprehensive review of this first decade of PIDA implementation. With the support of the Japan International Cooperation Agency (JICA) AUDA-NEPAD is undertaking comprehensive data collection to develop the First 10-years PIDA Progress Report. The report will be launched later in 2023,

• The Dakar Financing Summit 2.0 is an opportune time to reflect on what the PIDA has achieved over a decade and some critical considerations moving forward. This session thus intends to review a decade of regional infrastructure development in Africa and to consider the necessary actions for facilitating PIDA implementation in the next decade.
• The objectives of the session are:
• To reflect on what PIDA has achieved over a decade and critical considerations moving forward, particularly the issues encountered in the slow pace of PIDA implementation.
• To discuss how to facilitate adequate PIDA financing to address the challenges encountered, enhance efficiency and visibility, and overall performance of PIDA implementation.

Ministerial Round Table: Mobilisation of domestic resources for the financing of infrastructure projects in Africa

Remarkable progress has been made regarding the realization of new infrastructure in African countries over the past decade.  However, the availability of financial resources remains a major challenge to increasing the volume of investments. This situation, which increases the vulnerability of States to implement their development programmes, including the construction of infrastructure, is largely due to the lack of financial resources, particularly domestic financial resources.

The theme of the Ministerial Roundtable, “Mobilizing domestic resources for financing infrastructure projects in Africa”, falls under priority 2 identified for DFS-2, namely “Matching project financing needs to existing sources of financing including the necessary collaboration and multi-stakeholder engagement to support the flow of investment in economic infrastructure projects to support intra-African trade.”

The specific outcomes expected from the Roundtable are aligned with the Summit’s expected outcomes2 and 3, which read as follows:

• Generate and galvanize the interest of the African private sector, institutional investors and other financial actors in the specific regional projects presented by the Summit.
• Articulate strong recommendations to increase the share of domestic resources (sovereign wealth funds, pension funds, and other private funds) in the financing of structuring infrastructure across Africa.