Institution building for economic and technical co-operation including measures for strengthening existing ones

Abstract

This paper will focus on the performance of African multinational institutions which have been established under the aegis of the EGA secretariat, for the promotion of development, technical co-operation and collective co-operative efforts in various economic and social sectors. The need for the establishment of institutions which can help African countries collectively to develop the capabilities and infrastructure essential for their economic and social development and which individually, they are too poor to set up was recognized soon after the establishment of ECA. Among the first such institutions to be established by ECA are the African Development Bank (ADB), the Association of African Central Banks and the African Institute for Economic Development and Planning (IDEP). ADB, to which all independent African States belong, has after a slow start, developed into a useful tool for development it has enlarged its sphere of activities and its resources The Association of African Central Banks, to which also all African central banks belong, has developed steadily and has established, important subsidiary organs such as the African Center for monetary Studies and the West African Clearing House, Other institutions have however, been less successful.