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Resource Mobilisation for DFIs in SADC Region
The SADC-DFRC in collaboration with the Development Bank of Southern Africa held a Chief Executive Officers Forum under the theme “Resource Mobilisation for DFIs in SADC Region” on 23rd June 2021.
The forum was aimed at providing DFIs with an opportunity to identify and secure much needed resources from a diverse range of development partner and funding institutions to assist governments’ efforts to turn around economies in the wake of the debilitating effects of the COVID-19 pandemic.
The role of DFIs to support governments through countercyclical measures, including funding of COVID-related development projects has become more important than before. With the increasingly limited resources from government, DFIs are expected to mobilise resources to meet the fiscal gaps and continue to meet their developmental mandates across the affected various sectors of their economies and the region at large. However, raising the requisite funds is increasingly becoming competitive, given the rise in numerous actors and the rapidly changing donor or international cooperating partners (ICPs) landscape that has seen disbursements from this source decline over the past years.
Against this background, the forum was aimed to reach out to DFIs and expose them to the opportunities of funding available for development projects. The funding sources discussed varied from Green Climate finance, SME Development funding and Renewable Energy funding. The forum further discussed how DFIs could access and benefit from these already existing funds to deliver and expand their mandate. It also highlighted the knowledge, skills and requirements to ensure focused tangible development results in the region through resource mobilisation.
The forum was well attended by over 90 (Ninety) delegates from the SADC DFI Network, private sector and multilateral organisations.