International › APA

SADC fund could be used as a collateral

Pas d'image

The Southern African Development Community (SADC) Regional Development Fund could be used as collateral for raising funds from external sources, APA learns here on Thursday.This is a suggestion made by Swaziland’s Prime Minister Barnabas Dlamini during the ongoing SADC Energy Forum held at Ezulwini.

The premier said the region is pursuing an economic integration agenda for a more rapid industrialisation of the SADC member states to raise the standard of living of all our peoples.

“When fully operational and of sufficient size, the fund could be utilised as collateral for raising funds from external sources for the infrastructure projects. We are pursuing an economic integration
agenda for a more rapid industrialisation of the SADC member states to raise the standard of living of all our peoples,” he reportedly said.

He observed that the lack of resources had stalled the achievement of full potential of the 15 member states SADC grouping.

“We are pursuing an economic integration agenda for a more rapid industrialisation of the SADC member states to raise the standard of living of all our peoples,” he said.

The meeting is attended by Ministers of Energy and Secretariat Executive Secretary Stergomena Lawrence Tax.

Featured
Back top