This blog is based on remarks delivered at the Think-Tank Summit in Buenos Aires on 18 September 2018 held under the G-20’s Argentine Presidency.
Africa has an enormous infrastructure gap that impedes its development. The Compact with Africa (CwA) is an international policy initiative sponsored under the German presidency of the G-20 in 2017 designed to bridge that gap. Intended to draw in the private sector in developing Africa’s infrastructure through a combination of Private-Public Partnerships (PPP) and blended finance, the CwA involves the public sector of a dozen African countries have volunteered to join the initiative, and international organizations such as the African Development Bank and various donor agencies. Though the initiative has built up momentum among policy-makers since its launch, the participation of the private sector has been noticeably weak.