UNDP does not account for the lion’s share of ODA, representing just 1% of development assistance towards West and Central Africa. At the same time, there are opportunities for UNDP to tap into the 89% of ODA targeting its core areas, through strategic partnerships with IFIs and the private sector, that utilise its own comparative advantages
Key Takeaways
The report emphasises the need for a coherent and impactful approach to UNDP interventions in West and Central Africa, advocating for a regional portfolio strategy to enhance partnerships and financing. It outlines actionable steps to address cross-border challenges, promote trade integration, leverage remittances, and foster green economies. Additionally, the report identifies gaps in reporting and urges improved collaboration and innovative financing to unlock the region's potential for resilience.
Harnessing Regional Synergies: The UNDP Regional Hub aids in advancing inclusive and green development pathways while promoting socio-economic ties like trade and migration.
Promoting Regional Trade Integration: Facilitating integration into AfCFTA can boost intra-regional trade and job creation, especially for MSMEs.
Leveraging Remittances and Migration: Championing FinTech solutions can empower sectors like agriculture, but investments in digitalisation are crucial.
Addressing Regional Integration Gaps: Despite strong linkages, gaps exist in covering opportunities like trade and migration, which UNDP can leverage to kick-start development.
Peer-to-Peer Learning: UNDP facilitates knowledge exchange in climate-smart programmes, enhancing climate finance utilisation.
Enhancing Accountability: UNDP must update tracking methodologies to monitor progress towards inclusive development.
Balanced Financing Approach: UNDP's grant advantage can support debt management and access to longer-term financing, especially for climate initiatives.
Portfolio Approach: Transitioning to a portfolio strategy enables UNDP to scale best practices and diversify partnerships, ensuring no one is left behind.