Securing Sustainable Solutions to the African Debt Crises

Mobile menu

Thematic Focus Area 3: International Public Finance

 

Strategic Objective 3: To build capacity to understand the implications and develop frameworks of Publicly Supported Private Finance and Public Private Partnerships that contributes to sustainable development

 

Achieving development goals will require the mobilization of resources from private sources. Publicly Supported Private Finance (PSPF) investments are reportedly combining Official Development Assistance (ODA) with commercial loans to make them concessional.  It is undeniable that private finance and business activities are playing a prominent role in development but little is known about their impact on sustainable development. AFRODAD seeks to develop an understanding of the PSPF in order to develop a framework that influences the outcomes of the mechanism and mobilise African civil society organisations and policy makers to engage and understand the impact of this approach. Given the crucial role, there is therefore need for greater accountability and impact assessments because without adequate regulation, private finance can lead to increased inequality, adverse impact on the environment and violation of human rights especially for the vulnerable and poor populations such as women, youths, and children among others. AFRODAD shall undertake research  to assess to what extent  private institutions will develop safeguards systems and open dialogue with stakeholders on the basis of established international standards and encourage them to establish and maintain social and environmental safeguards , including on human rights, gender and women’s empowerment that are transparent, effective, efficient and time –sensitive. AFRODAD will also collaborate with likeminded organizations in the West to develop a better network to influence publicly supported private financing.

 

Gender equality and its importance for access to good quality infrastructure are firmly on the international policy agenda as testified by the range of guidance documents that have emerged in the last decade. At a policy level, gender mainstreaming is regarded as a priority and there is demonstrable commitment to promoting gender equality and taking action to address it through infrastructure development.

At a policy level, it is also recognized that infrastructure development needs to be gender aware in order to realize gender benefits. Women’s interests need to be understood and their views taken on board through active involvement and consultation. Infrastructure projects cannot be assumed to deliver benefits to women and men equally; proceeding with project development with this assumption is likely to lead to the aggravation rather than reduction of gender inequalities.