§ Dr. TongeTo ask the Secretary of State for International Development what financial commitments have been made to the New Economic624W Partnership for African Development by (a) the UK, (b) the EU and (c) other OECD donors in financial year 2001–02. [46882]
§ Hilary BennThe New Partnership for Africa's Development (NEPAD) is not a financing mechanism or an institution that runs projects. Rather, it is an African-owned and led process which encourages African nations to share best practice, undertake peer review and learn from successful experience in building effective states and reducing poverty. It has not yet sought direct funding. Proposals are currently being developed by NEPAD with the assistance of different African institutions in the areas of economic and corporate governance, infrastructure, agriculture and market access, financial and banking standards, and peace and security.