G8 Heiligendaam Summit Declaration on Growth and Responsibility in Africa

Sectors : Economic governance and public finance management, Political governance, Sustainable development, Investment
Organisation : G8
Date made: 
2007
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Commitments in: Governance - Economic governance and public finance management

“10. In order to address constraints, the G8 “Action Plan for Good Financial Governance in Africa” developed together with African partners and endorsed at the Pre-Summit of Finance Ministers will support the promotion of good financial governance, including capacity development, working closely with the International Financial Institutions’ (IFIs') ongoing initiatives. We will assist African countries that are taking credible action against corruption and increasing transparency and accountability. In the Action Plan we strongly support efforts to increase the effectiveness and efficiency of public finance...

…11. We will also continue to strengthen efforts such as the Extractive Industries Transparency Initiative (EITI) as appropriate to enhance good financial governance on the revenue side. In this context, we support African states in their efforts to increase the transparency and predictability of expenditure flows and encourage more African participation in EITI. Transparency principles could also be extended to other sectors, where appropriate.”

Scope: 
Africa

Commitments in: Governance - Political governance

“6... The G8 will encourage more African states to join the APRM and support efforts to accelerate progress in the APRM and the implementation of necessary reforms.

7. The G8 will support the processing of lessons learned so as to help facilitate even swifter and more effective implementation of the reviews. In that regard, the G8 will enhance the dialogue with our African partners to facilitate a coordinated support effort that respects full African ownership.

8. The G8 reaffirm their commitments to actively support countries that implement sound policies consistent with the recommendations of the APRM. We will support these countries in implementing their national Plans of Action to make progress in achieving the MDGs by 2015. Consequently, we commit ourselves and encourage others to give priority attention to the results of the reviews in their own strategies for bilateral and regional cooperation.”

Scope: 
Africa

“17. Promoting good governance: In implementing development assistance we are committed to promoting universal values of: Respect for human rights, fundamental freedoms, peace, democracy, good governance, gender equality, the rule of law, solidarity and justice as well as sustainable management of natural resources. We will actively assist countries which make efforts to govern justly, invest in their people, favor open and democratic debate on priorities and policies, and create an environment of economic opportunity...”

Scope: 
Africa

Commitments in: Environment - Sustainable development

“33... The G8 will encourage sustainable investment through African private sector networks, including support for the UN Global Compact and the UN Principles for Responsible Investment. The G8 will also strengthen their dialogue with emerging donors on international initiatives for responsible investment and financial transparency (such as EITI).”

Scope: 
Africa