corporate governance as well as broad-based and sustainable socioeconomic development;
RECOGNIZING that the primary purpose of the APRM is to foster the adoption
of policies, standards and practices leading to political stability, high economic
growth, sustainable development and accelerated regional and continental
economic integration;
RECALLING that the mandate of the APRM is to encourage Participating
States in ensuring that their policies and practices conform to the agreed
political, economic and corporate governance values, codes and standards,
and to achieve mutually agreed objectives in socio-economic development
contained in the Declaration on Democracy, Political, Economic and Corporate
Governance;
REAFFIRMING our commitment to the APRM Base Document AHG/235
(XXXVIII) Annex II of July 2002 in which the APRM is described as an
instrument voluntarily acceded to by Member States of the African Union and
as an African self-monitoring mechanism; and convinced of the imperative
need for the APRM to consolidate itself as the authoritative institution on
Governance within the African Union;
REAFFIRMING our commitment to the African Charter on Democracy,
Elections, and Governance of January 2007, and particularly its principal
objective to promote adherence to the universal values and principles of
democracy and respect for human rights, thus building on the core principles
of the Declaration on Democracy, Political, Economic and Corporate Governance;
RECALLING that the African Charter on Democracy, Elections and Governance
stipulates that the States Parties shall promote and deepen democratic
governance by implementing, inter alia, the principles and core values of the
APRM;
2
Statute of the African Peer Review Mechanism, August 2016V11082016