The G8 will work with African countries and regional economic communities to meet the AU’s target of doubling intra-Africa trade and reducing crossing times at key border posts by 50% by 2022. The G8 commits to provide increased support for project preparation facilities for African regional infrastructure programmes and recognises the importance of the New Partnership for Africa’s Development (NEPAD) Infrastructure Project Preparation Facility hosted by the African Development Bank and other similar mechanisms. The G8 commits to explore and identify in advance of our next meeting the further steps it can take together or individually, in collaboration with the private sector, International Financial Institutions (IFIs) and other international organisations to facilitate institutional investment flows into bankable trade-related infrastructure projects in developing countries.
No new targets.
Not a new commitment.