Abstract

Let me start by touching upon a number of salient features of NEPAD, which the African authorities have identified as crucial for jointly addressing the growing underdevelopment of Africa. Next, I want to share what I view as the main reasons for having the regional integration institutions serve as the cornerstone of NEPAD. Finally, in light of the experience gained by the Central Bank of West African States (BCEAO), I shall suggest ways in which these regional institutions may best contribute to fulfilling the goals of this new strategic approach toward achieving sustainable development in Africa.