By Organisation for Economic Co-Operation and Development
Publication through service provider for monetary Co-Operation and improvement
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Additional resources for African Economic Outlook 2002 2003
Such a review can be called for by participating Heads of State and Government in a spirit of helpfulness to the Government concerned. Stages of the Peer Review Process • Stage One will involve a study of the political, economic and corporate governance and development environment in the country to be reviewed, based principally on up-to-date background documentation prepared by the APRM Secretariat and material provided by national, sub-regional, regional and international institutions. • In Stage Two, the Review Team will visit the country concerned where its priority order of business will be to carry out the widest possible range of consultations with the Government, officials, political parties, parliamentarians and representatives of civil society organisations (including the media, academia, trade unions, business, professional bodies).
Purpose of the APRM • The primary purpose of the APRM is to foster the adoption of policies, standards and practices that lead to political stability, high economic growth, sustainable development and accelerated sub-regional and continental economic integration through sharing of experiences and reinforcement of successful and best practice, including identifying deficiencies and assessing the needs for capacity building. Principles of the APRM • Every review exercise carried out under the authority of the Mechanism must be technically competent, credible and free of political manipulation.
By contrast, concession and lease contracts are the most preferred 12. See B. ” Swedish Development Adviser, October 1998. African Economic Outlook © AfDB/OECD 2003 Overview methods for the privatisation of public utilities, railways and road transportation, and in some cases, telecommunications. Evidence suggests that transfers of ownership to the private sector have generally been more successful in improving efficiency. By contrast, experience of lease arrangements in the water industry, most notably in Côte d’Ivoire and Guinea, and concessions contracts in the electricity sector, most notably in Cameroon, has highlighted difficulties in co-ordinating state investment decisions and the firm’s operating needs.
African Economic Outlook 2002 2003 by Organisation for Economic Co-Operation and Development