The overall objective is broadening the knowledge base on African economies (and societies) to offer a valuable support for policy making, investment decisions and potentially donors' interventions. The AEO is meant to become a regular annual publication, and serve as an important input in the foreseen African Peer Review Mechanism (APRM), an African self-surveillance mechanism currently being put in place in the framework of the NEPAD.
Capacity Building is another important objective of the AEO exercise. Through a greater involvement of African experts and institutions, the project aims to increase the capacity and to reinforce the ownership of the AEO by local experts.
The target audience is decision makers in African and OECD countries, both in the public and private sectors, such as aid agencies, investors, and government officials of aid recipient countries.