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Zim hosts SADC treasury, central bank and health officials to strengthen regional economic resilience
2 hrs ago |
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HARARE – Zimbabwe has opened its doors to senior regional finance and health officials, pledging to provide a "practical and evidence‑based" technical foundation for the Southern African Development Community's next phase of economic integration.
Speaking at the opening of the SADC Meeting of Senior Treasury Officials, Central Bank and Senior Health Officials in Harare, Chief Director in the Ministry of Finance, Economic Development and Investment Promotion Joseph Mverecha said the meeting's recommendations would directly shape decisions to be taken by ministers.
Mverecha told delegates that SADC economies were navigating inflationary pressures, rising public debt, climate‑related shocks, constrained fiscal space and geopolitical uncertainty. He said the bloc's response must be anchored in "stronger cooperation, deeper policy coordination and greater resilience".
He outlined priority areas before officials, including macroeconomic convergence, financial market integration, capital markets development, the SADC RTGS system, foreign direct investment, stock exchange interconnectivity, insurance and non‑banking regulation, anti‑money laundering frameworks and the operationalisation of the SADC Regional Development Fund (RDF).
"The outcomes of our deliberations are not abstract policy issues. They are practical instruments for unlocking infrastructure, supporting industrialisation, promoting trade, attracting investment and improving the lives of our citizens," Mverecha said.
He urged technocrats to align their recommendations with SADC Vision 2050 and the Regional Indicative Strategic Development Plan (RISDP) 2020–2030, emphasising the need for discipline, openness and constructive technical engagement.
Zimbabwe, he added, was "honoured and ready to serve" as host, with a dedicated team on standby to ensure the smooth running of the engagements ahead of the Ministers of Finance and Investment and Peer Review Panel meetings.
The gathering forms part of ongoing regional efforts to strengthen economic resilience and deepen integration across SADC's financial and health sectors, in line with broader regional development priorities such as SADC macroeconomic convergence.
Speaking at the opening of the SADC Meeting of Senior Treasury Officials, Central Bank and Senior Health Officials in Harare, Chief Director in the Ministry of Finance, Economic Development and Investment Promotion Joseph Mverecha said the meeting's recommendations would directly shape decisions to be taken by ministers.
Mverecha told delegates that SADC economies were navigating inflationary pressures, rising public debt, climate‑related shocks, constrained fiscal space and geopolitical uncertainty. He said the bloc's response must be anchored in "stronger cooperation, deeper policy coordination and greater resilience".
He outlined priority areas before officials, including macroeconomic convergence, financial market integration, capital markets development, the SADC RTGS system, foreign direct investment, stock exchange interconnectivity, insurance and non‑banking regulation, anti‑money laundering frameworks and the operationalisation of the SADC Regional Development Fund (RDF).
"The outcomes of our deliberations are not abstract policy issues. They are practical instruments for unlocking infrastructure, supporting industrialisation, promoting trade, attracting investment and improving the lives of our citizens," Mverecha said.
He urged technocrats to align their recommendations with SADC Vision 2050 and the Regional Indicative Strategic Development Plan (RISDP) 2020–2030, emphasising the need for discipline, openness and constructive technical engagement.
Zimbabwe, he added, was "honoured and ready to serve" as host, with a dedicated team on standby to ensure the smooth running of the engagements ahead of the Ministers of Finance and Investment and Peer Review Panel meetings.
The gathering forms part of ongoing regional efforts to strengthen economic resilience and deepen integration across SADC's financial and health sectors, in line with broader regional development priorities such as SADC macroeconomic convergence.
Source - Byo24News
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