SADC Committee of Ministers of Finance and Investment Meets in Johannesburg, South Africa

The SADC Committee of Ministers of Finance and Investment met in Johannesburg South Africa on 11 July, 2018, joined by central bank governors from the region to discuss areas of cooperation and improving regional financial coordination.

The meeting was chaired by the Honourable Nhlanhla Nene, Minister of Finance of South Africa who is the Chairperson of the Committee of the Ministers of Finance and Investment, and Co-Chairperson of the SADC Macroeconomic Peer Review Panel.

In her remarks at the opening ceremony, the Executive Secretary, Her Excellency Dr Stergomena Lawrence Tax expressed commitment by the SADC Secretariat to operationalise the urged the Ministers SADC Regional Development Fund (SADC-RDF) as a way of mobilising adequate and sustainable resources for SADC regional programmes.

H.E. Dr Tax informed the Ministers that, through engagement with Partners, the African Development Bank has accepted to support the Operationalisation of the SADC Regional Development Fund. She then called on the Ministers to seize this opportunity to move the region forward with speed by signing and ratifying the Agreement to operationalize the SADC-RDF.