Enhancing Investment in West Africa

The Role of Investment Instruments in Economic Partnership Agreement Negotiations

image of Enhancing Investment in West Africa

The Economic Partnership Agreement between the European Union and the ECOWAS states of West Africa envisages cooperation between the two sides with the aim of enhancing investment and private sector development in the ECOWAS region. This study explores the options available to ECOWAS states for promoting, protecting and guaranteeing flows of domestic and foreign direct investment, in the context of the ACPEU Economic Partnership Agreements, so that development gains are realised in these economies.



International Institutions and Enterprise Development in West Africa

As an integral part of the paradigm shift in development thought which has become increasingly apparent, particularly since the 1990s, many multilateral and regional development agencies and financial institutions have embraced enterprise development and a focus on the private sector as an important means of promoting economic growth and poverty reduction in the developing countries. This shift of emphasis applies not only generally, but also to the development support activities of these international institu tions in West Africa. This chapter examines the enterprise development mandate of relevant international development institutions and reviews the instruments which they deploy to fulfil it. The private sector investment and related support services of these organisations in West Africa are analysed within the framework of their mandates and in terms of their relevance and effectiveness. The focus of the analysis then shifts to a review of the extent of competition and/or complementarity in the enterprise development investment and other support activities provided by the international institutions. Finally, the analysis suggests a number of options for extending the reach and enhancing the effectiveness of various ACP-EU instruments for invest ment promotion, protection and guarantee.


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