Leaders at the G20 summit in Johannesburg reaffirmed their support for the Compact with Africa CwA, an initiative launched during Germany's presidency in 2017 to spur foreign direct investment FDI in Africa through reforms that strengthen macroeconomic stability and improve the business environment.
Many countries in Africa struggle to attract long-term private investment from external sources due to issues ranging from weak institutions, regulatory bottlenecks and high perceived risk. Backed by donor contributions from G20 members, the compact seeks to address these issues and build investor confidence by providing technical assistance and promoting policy dialogue in participating countries.
Leaders expand initiative