Bridge Loans MidrandMidrand bridging loans
The political context was established on 23 October 2001 and forms the New Partnership for Africa's Development (NEPAD). Mm-hmm. What's Newpad? This is a global, integral and fully fledged strategy for Africa's socio-economic future. It offers a shared African perspective, an explanation of the continent's challenges and a program of actions to address these challenges in order to achieve the shared African perspective.
This is a blueprint designed and elaborated by Africans. This is a global as well as fully coordinated interdepartmental programme which deals with the main socioeconomic and policy challenges in a consistent and equitable way. This is a pledge made by Heads of State and Government to the populations of Africa and the wider world to put Africa on the road to sustained prosperity.
Africans' heads of state and government are committed to accelerating the process of integrating the Africans into the international economic system. It' a frame for a new relationship with the whole wide area. This is a call to the wider community to support Africa in its own evolution on the strength of its own agendas and its own program of work.
NEPAD pursues three objectives: promoting faster economic expansion and sustained economic and social progress; eradicating deep and persistent forms of global deprivation; and reducing Africa's marginalisation in the globalisation context. First, to bridge the infrastructure gap (this is addressed in four different areas - overcoming the digital divide, energy, transport, water and sanitation).
Secondly, the building of capacity (this has four priorities - combating hunger, bridging the educational deficit, reversing the brain drain and improving health). Fifthly, the dissemination and promotion of cultural life throughout the entire European Union. NEPAD should lead to greater economy creation and sustainable regional economies, more jobs, reduced inequality, diversified production activity, greater global competition, higher export levels and, ultimately, greater continental Africa integrity.
A small group of DBSA employees work in the secretariat of DBSA's North African office in Midrand, South Africa. Regional Economic Communities (RECs) recognised by the African Union are the cornerstones of NEPAD's programs and initiative. In prioritising project and programme priorities for funding from NREPAD, REs work together with their member states.
RecEs link up with the various activities of Nestlé and take the leading role in issues related to programming for local development, harmonisation of policies, project support, mobilisation of resources, etc.