8 The NEPAD Economic and Corporate Governance Initiative: Building Institutions for Sustainable Development

Abstract

At the summit of the Organization for African Unity held in Lusaka, Zambia, in July 2001, the African heads of state and of government adopted the New Africa Initiative, a merger of the previous Millennium Partnership for the African Recovery Program (MAP) and the OMEGA Plan and the UN Economic Commission for Africa’s Compact for African Recovery. In October, the Heads of State Implementation Committee, meeting in Abuja, Nigeria, changed the name of the New Africa Initiative to New Partnership for Africa’s Development (NEPAD).