Africa-Press – Angola. The Permanent Committee of Senior Officials of SADC is analyzing the financial situation of the organisation, within the framework of the industrialization process and the creation of infrastructures in the region.
According to Jorge Cardoso, spokesman for the SADC Summit of Heads of State and Government, taking place in Luanda on the 17th of this month, the meeting will also serve to discuss the execution of the 96 scheduled projects.
He added that, according to a budget estimate, around US$1 billion would be needed, with the regional financing fund being one of those tools, as a facilitator.
On the occasion, the spokesperson also added that the regional development fund envisages a capitalization of US$3 billion, to help finance priority projects in the region and allow each country to contribute a share of this capital.
The meeting is also analyzing financial issues of the mission that is in Cabo Delgado, Republic of Mozambique, within the framework of the fight against the armed insurrection, since 2021.
“This mission completed two years and was extended for a term of one more. He will be in Mozambique until 2024. To ensure this mission, there is a financial proposal of US$42 billion which will be co-participated by all Member States”, he underlined.
For the situation in the DRC, he said that there is greater demand on the contribution of Member States, for a budget above 500 million dollars, in order to deploy a mission in the region.
In the domain of contributions at SADC level, the spokesman said that Angola has regularized quotas, despite not being the situation of other member countries.
Angola will receive the testimony to lead SADC, until August 2024, during the holding of the Summit of Heads of State and Government, replacing the DRC.
Headquartered in Gaborone (Botswana), one of SADC’s main objectives is to make the region industrialized by 2063, as set out in the organization’s Strategy and Roadmap, approved by the Heads of State and Government, in April 2015, for the period 2015-2063.
Created in August 1992, SADC is made up of Angola, South Africa Botswana, Comoros, Democratic Republic of Congo (DRC), Eswatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, Tanzania, Zambia and Zimbabwe.
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