International records / African Development Bank

2009 AEC- EU-ECOWAS Economic Partnership Agreement Nigeria's Role in ensurnig Development-Focus and Regional Integration

For underdeveloped African, Caribbean, and Pacific (ACP) countries, fostering development in an era of global economic crisis can be a daunting challenge. Even in the technologically-advanced and highly competitive economies, the contagion effect of the global crisis has shaken the foundations of their economic fortunes and forced a rethink of orthodox ways of managing their economies. ACP countries are technologically weak; they are mostly raw materials exporters; their supply response capacities are weak, as are the capacities of their economies to compete globally.