Plot 54352, West Avenue,
Zambezi Towers, Tower A,
7th Floor, South Wing,
Private Bag 0034 Gaborone, Botswana
Tel: (267) 3191146
Fax: (267) 3191147
Botswana | Lesotho |
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Malawi | Mauritius |
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Namibia | South Africa |
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Swaziland | Tanzania |
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Tanzania | Zimbabwe |
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The SADC Committee of Ministers responsible for Finance & Investment (COMFI) is a permanent committee of the SADC Integrated Committee of Ministers (ICM) which reports through to the SADC Council of Ministers. Figure 1 below sets out this relationship diagrammatically. COMFI is supported by the Committee of Senior Treasury Officials and the Committee of Central Bank Governors. The DFI Subcommittee is comprised of all national DFIs in SADC member countries, is a subcommittee of the Senior Treasury Officials, and reports through them to COMFI.
The DFIs, through the DFRC, enjoy a functional relationship with the SADC Secretariat. Their main interface is through the Directorate for Trade, Industry, Finance and Investment (TIFI). However, strong operational links are being developed with the Infrastructure & Services and Food, Agriculture & Natural Resources Directorates (FANR).
Development finance and DFIs will continue to play an important role in the SADC region for the foreseeable future. DFIs are especially important players for the provision of long-term capital for development projects (especially for infrastructure), for stimulating industrial development and value-adding, promoting entrepreneurship and private sector development, trade finance, capital markets development through facilitating privatization of state-owned assets (e.g. in power, telecommunications, water supply, transport and mining), technological advancement, financing of agricultural development, microfinance and gender credit and support.
These intervention areas are critical for the successful achievement of regional integration and co-operation in SADC, and have been highlighted