The Southern African Development Community (SADC) Committee of Ministers of Finance and Investment will meet today in Johannesburg to discuss areas of cooperation and improving regional financial coordination.
The Ministers will be joined by the central bank governors from the region.
The agenda includes a strategy for financial inclusion and SMEs access to finance, promoting inter-linkages with global agendas of BRICS and G20, deepening regional integration within the finance and investment sector, regional resource mobilisation framework, and exchange controls.
South Africa has held the year-long chair position of SADC since August 2017. The theme for the country’s Chairpersonship of SADC is: “Partnering with the Private Sector in Developing Industry and Regional Value Chains”.
BACKGROUND
A series of meetings between ministers in various portfolios takes place in between Heads of Government Summits.
The meeting of the Committee of Ministers of Finance and Investment is but one of the meetings that take place when a country has the Chairmanship of SADC.
SADC member states include Angola, Botswana, Democratic Republic of Congo, Eswatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, United Republic of Tanzania, Zambia and Zimbabwe.