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CONNEX

CONNEX Initiative enjoys continuous top-level political recognition

Logo: G7-CONNEX

03.06.2016 |

At the G7 Summit held in Ise-Shima, Japan, on 26 and 27 May 2016, the CONNEX Initiative enjoyed top-level political recognition. In the G7 Leaders' Declaration , Heads of State or Government pledged their continuous support for the Initiative. They emphasized its increasing importance and relevance against the backdrop of low commodity prices and welcomed the progress achieved to date. The Initiative's aim is to provide better and more targeted advice and support to developing countries for complex contract negotiations, initially particularly in the extractive sector.

GIZ supports the German government in developing and implementing the Initiative

The CONNEX Initiative was launched during the G7 Summit in Brussels in 2014, and pursued with verve during the German G7 presidency in 2015.

The G7 adopted a CONNEX Code of Conduct that defines quality standards for the provision of external advisory services when contracts are being negotiated. With support from the German government, and under the umbrella of the OECD Development Centre, the Negotiation Support Forum was set up. In collaboration with the OECD Policy Dialogue on Natural Resource-based Development, the Forum serves as a platform for regular exchange and peer-learning between support providers, partner countries and investors.

Since CONNEX was launched, the GIZ Extractives and Development sector programme has been advising the Federal Ministry for Economic Cooperation and Development (BMZ) and, in particular, the German Chancellor's Personal Representative for Africa, Günter Nooke, on the initiative's strategic development. Moreover, the sector programme has already implemented a number of CONNEX pilot measures in partner countries including Mali, Mongolia, Mozambique and Tanzania.

Relevance of the Initiative to the Sustainable Development Goals (SDGs)

Driven by the Japanese G7 presidency, the leaders at the summit in Ise-Shima also endorsed the CONNEX Guiding Principles towards Sustainable Development. Among other things, they emphasize CONNEX's relevance to achieving the SDGs. Fairly negotiated raw materials contracts which strike a balance between the interests of partner countries and those of investors and, in particular, are implemented professionally in fiscal and administrative terms can make a significant contribution to helping partner countries mobilize their own resources effectively and efficiently. This enables many developing countries to tap into the enormous development opportunities that extractive resources have to offer.

For further information on CONNEX, please clicke here.

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