Mauritius: African Development Bank to give Rs 57 mn in regional integration push
The sizeable grant reflects the growing recognition by international development partners that Mauritius has a crucial role to play in Africa by sharing its experience and knowledge through skill and technology transfers between the island economy and the African continent. (Image: AfDB)
The African Development Bank (AfDB) will disburse an amount of Rs 57 million from its Middle Income Country (MIC) Grant to the Government of Mauritius, to fund technical assistance to the Regional Multidisciplinary Centre for Excellence (RMCE), Mauritius, over 2015-2017.
The MIC Grant is in line with the AfDB’s Country Strategy Paper for Mauritius 2014-2018, which takes into account the strategic importance of Mauritius to the African mainland and the Bank.
It reflects the growing recognition by international development partners that Mauritius has a crucial role to play in Africa by sharing its experience and knowledge through skill and technology transfers between the island economy and the African continent. These are especially crucial in areas of reforms seeking to improve the business environment, trade and the financial services sector.
In this context, an AfDB mission will be in Mauritius from 19 to 23 January 2015 to appraise and process the project proposal of strengthening capacity at the RMCE.
The grant, which will further position Mauritius as a knowledge hub for the region, aims at strengthening the RMCE with the objective of enhancing its capacity in programme development, marketing and results measurement, knowledge sharing, partnership building, resource mobilisation and coordination. It will also help support the RMCE in training policymakers in the African region towards an improved trade and business regulatory environment.
Another objective is to help build partnerships between the RMCE and the AfDB to deliver capacity building programmes for African countries on Regional Economic Integration with focus on improving public-private policy dialogue and peer-to-peer exchanges aimed at enhanced performance in the region.
The RMCE was established in Mauritius in 2011 in collaboration with the Common Market for Eastern and Southern Africa (COMESA) to build capacity to formulate and implement regional integration policies within the Southern Africa region.
It serves as a capacity building and expertise hub for various regional economic communities namely: COMESA; East African Community; Inter-Governmental Authority on Development; Indian Ocean Commission; Southern Africa Development Community and their combined 28 Member Countries.
RMCE’s mandate also includes support to the COMESA-EAC-SADC tripartite process. The Centre commissions tailored short courses, seminars, peer learning events and conferences that directly address the regional integration challenges identified by these countries and organisations.