Online Reporter
Wallace Ruzvidzo-Herald Reporter
ZIMBABWE, as the current Sadc Chair, will next week host high-level discussions on the regional bloc’s financial and economic initiatives under the Committee of Sadc Ministers of Finance and Investment and the Peer Review Panel.
The meetings seek to consider progress updates on initiatives that support the development and integration of financial markets across the region.
In a Press release yesterday, the Sadc Secretariat said key agenda items to be discussed would include initiatives to bolster the stability and robustness of Sadc member states’ financial systems, alongside crafting sustainable financing strategies for regional infrastructure projects and leveraging development finance mechanisms.
“The Southern African Development Community (Sadc) will host the Committee of Ministers of Finance and Investment and the Peer Review Panel meetings on June 12-13, 2025, in Victoria Falls, Republic of Zimbabwe.
“The agenda will also include a review of Member States’ progress in meeting the Macroeconomic Convergence targets, which is central to the Sadc regional economic integration strategy aimed at achieving and maintaining macro-economic stability.
“Key agenda items to be discussed by the Committee of SADC Ministers of Finance and Investment include measures to strengthen the integrity and resilience of financial systems within SADC Member States, and the formulation of strategies to sustainably finance regional infrastructure projects, particularly through development finance mechanisms,” reads the press release.
Ministers of Finance and Investment will also decide on crucial issues to advance financial markets integration and investments across the region, including operationalisation of the Sadc Regional Development Fund, project preparation and development, Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT).
Decisions on the status of the signing of and accession to Sadc protocols and legal instruments, Cross-Border Third-Party Motor Vehicle Insurance Schemes (TPMVI) and Committee of Insurance, Securities and Non-Banking Authorities (CISNA) Membership will also be made.
“The outcomes of this meeting are expected to shape future policy directions and bolster regional cooperation in pursuit of shared economic growth and stability,” said the Sadc Secretariat.
The meetings of the Committee of Sadc Ministers of Finance and Investment and the Peer Review Panel will be preceded by the meeting of Sadc Senior Treasury Officials from Ministries of Finance on June 9 and the joint meeting of the SADC Senior Treasury Officials and the Central Bank Officials on June 10.
During the Peer Review Panel meeting, the Sadc Secretariat said the Ministers and Central Bank Governors will review regional macroeconomic conditions and outlook, member states’ economic performance and consider the peer review reports for Angola, Zambia and the Democratic Republic of Congo (DRC).
