DFRC demonstrates far reaching commitment to their institutional mandate - Dr. Angelo Mondlane

DR ANGELO MONDLANE, DIRECTOR - PPRM, SADC, AT THE LAUNCH OF THE SADC DFRC OFFICES, 9 TH JUNE 2016

 

Director of Ceremonies,

The Guest of Honour, the Minister of Finance and Development Planning, Honourable Kenneth Matambo,

Honourable Ministers here present,

Your Excellencies, heads of Diplomatic Missions and International Organisations,

Chairperson of the SADC DFI Network, Mr Patrick Dlamini,

Chairperson of the DFRC Board of Trustees, Mrs Annie Vidot,

Senior Staff of the SADC Secretariat,

Senior Officials of SADC Governments,                                                        

Distinguished Guests,

Ladies and Gentleman,

 

It is a great honour for me to have this opportunity of sharing this occasion with you, at which we mark the continued progress of the DFRC as a critical contributor to the SADC region.

 

The purchase of a new office space by the DFRC demonstrates far reaching commitment to their institutional mandate, and also reflects the determination of the DFIs to reaffirm their development credentials at both the national and regional levels.

 

The SADC Secretariat welcomes the decision of the SAC DFI Network, through its DFRC, to secure and finance its own office space, and will continue to support the DFRC in its function as a subsidiary institution of the SADC.  After more than ten years of operation, this is a clear demonstration of a sense of permanence on the part of the DFRC and the DFI Network. We all now know they are here to stay.

 

Since its establishment in 2003, under the Finance and Investment Protocol of SADC, the DFRC and the Network have grown steadily contributing to the growth of development finance in the member states of SADC. At a strong 36 members and growing, the Network provides a strong sense of community among DFIs, and allows for an exchange of experiences amongst the DFIs and creates opportunity for cooperation and collaboration among and between the institutions in their core mandates.

 

The DFRC has also been an active participant