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How do the DFRC and the DFI Network fit into the SADC Structures?
The SADC Committee of Ministers responsible for Finance and Investment (COMFI) is a permanent committee of the Integrated Committee of Ministers (ICM) which reports through to the SADC Council of Ministers. COMFI is supported by the Senior Treasury Officials and the Committee of Central Bank Governors.
The DFI Subcommittee, which is comprised of all national DFIs in SADC member countries, is a subcommittee of the Senior Treasury Officials of SADC, 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 Finance, Investment and Customs (TIC). However, operational links also exist between the DFRC and the Trade and Industry, Infrastructure and Services and Food, Agriculture and Natural Resources Directorates.
While all members of the Network are members of the DFI Subcommittee, not all DFIs represented on the Subcommittee are members of the Network. The Network is comprised of those DFIs that have signed the May 2000 MOU, which establishes it as an institutional mechanism of SADC.