NEPAD/HSGIC/03-2003/APRM/MOU 09 March 2003 MEMORANDUM OF UNDERSTANDING ON THE AFRICAN PEER REVIEW MECHANISM (“THE MOU”) 1. We, the Heads of State and Government of the Member States of the African Union participating in the African Peer Review Mechanism: 2. COGNISANT of our shared commitments to the principles and objectives set out in the Constitutive Act of the African Union adopted on 11 July 2000 in Lome, Togo; 3. RECALLING our decision regarding the then New African Initiative, now the New Partnership for Africa’s Development, taken at the 37th Session of the Assembly of the Heads of State and Government of the Organisation of African Unity in July 2001 in Lusaka, Zambia [AHG/Decl.1 (XXXVII)] adopting the Strategic Policy Framework and a new vision for the revival and development of Africa; 4. RECALLING FURTHER our Declaration on the Implementation of the New Partnership for Africa’s Development [Assembly/AU/Decl. 1(I)], at the inaugural Summit of the African Union in July 2002 in Durban, South Africa, endorsing the Progress Report and Initial Action Plan [AHG/235 (XXXVIII)] and encouraging Member States to adopt the New Partnership for Africa’s Development Declaration on Democracy, Political, Economic and Corporate Governance [AHG/235 (XXXVIII) Annex I] and accede to the African Peer Review Mechanism [AHG/235 (XXXVIII) Annex II]; 5. REITERATING our commitment to the principles and core values contained in the Declaration on Democracy, Political, Economic and Corporate Governance; Page 1 of 7

Select target paragraph3