The SADC-DFRC is a SADC institution established under the SADC Principle of Subsidiarity. It is collectively ‘owned’ through a Trust by the SADC-DFI Network as its ‘self-help’ organisation. Only the 29 members of the DFI Sub-committee that have signed the MOU of May 2000 are members of the Network.
Through technical and capacity building support, as well as policy research and advisory services, the DFRC’s mandate is to promote the effective mobilisation of resources by the financial sector, in particular the DFIs, for investment in key areas with the potential to stimulate growth, generate employment and alleviate poverty, in line with the objectives of SADC under the RISDP.
To effectively deliver on its mandate, the DFRC has identified the following areas in its Five-Year Strategic Business Plan as its key focal sectors:
- Financial sector reforms and strengthening and capital markets development;
- Institutional support, encompassing capacity building;
- SME Development and support; and
- Infrastructure/ PPP delivery.
Efforts by DFRC in these focal areas will support other sectoral efforts under the SADC-RISDP geared towards achieving the Region’s goal of regional integration. In this regard, DFRC’s focal areas complement and are in line with the NEPAD/AU strategy for Africa.
The DFRC is a lean organisation manned by a small highly qualified group of staff. Cognisant of this, and to achieve its mandate, it has adopted a collaborative approach which involves utilisation of strategic partners in all its areas of strategic focus. The DFRC, thus, will primarily operate as facilitator, coordinator and catalyst to the DFI Network and regional governments.
Financing of Activities
The DFRC administrative budget is funded through contributions by DFI Network members and these are on the basis of an agreed formula. The Centre’s work programmes activities in the areas of research and advisory services, SMEs, infrastructure/PPPs and capacity building are funded from donor sources. Overtime, the DFRC would like to strengthen its capacity to generate own resources and reduce dependency on subscriptions and donor support.