Plot 54352, West Avenue,
Zambezi Towers, Tower A,
7th Floor, South Wing,
Private Bag 0034
Gaborone, Botswana
Tel: (267) 3191146
Fax: (267) 3191147
Email: info@sadc-dfrc.org
The DFRC was established with the purpose of serving SADC Development Finance Institutions (DFIs) to become more efficient delivery agents. It is seen as a vehicle for supporting, amongst other things:
The DFRC is, therefore, a critical institution for supporting the development of the financial sector and regional development.
The SADC-DFRC is an autonomous SADC institution established under the SADC principle of subsidiarity. It is collectively ‘owned’ by the SADC-DFIs Network as its ‘self-help’ organization. Only the twenty three members of the SADC DFIs Sub-committee that have signed the Memorandum of Understanding 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 mobilization 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.
The DFRC is a lean organization manned by a small highly qualified group of staff. Cognizant of this and to achieve its mandate, it has adopted a collaborative approach which involves utilization 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.
The DFRC has identified the following areas as focal sectors:
These areas were selected due to their centrality in the achievement of the regional goals of economic growth, employment creation and poverty eradication as espoused under the SADC common agenda, NEPAD and the African Union (AU).
These encampus the following:
Dealing with non-performing assets of national DFIs;
Increasing the financial autonomy and independence of national DFIs;
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 |