The World Bank Group has updated its approach to help strengthen regional integration in Africa. It will also promote trade and market integration through trade facilitation in regional economic corridors, technical assistance for roll out of the AfCFTA, support to regional value chains and integration of financial markets. The Covid-19 pandemic has challenged regional integration efforts, while highlighting the urgency of integration to improve countries and regional institutions’ ability and commitment to weather such shocks. “The high commitment of African leaders to regional integration is commendable and deserves our support”, said Ousmane Diagana, World Bank’s Vice President for West and Central Africa. The World Bank Group remains a key contributor to Africa’s regional integration agenda, with existing commitments of over $19 billion across the institution.

Source: The North Africa Journal June 14, 2021 16:56 UTC