Deepening Integration in SADC - Fes-botswana.org
Deepening Integration in SADC - Fes-botswana.org
Deepening Integration in SADC - Fes-botswana.org
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High education costs (despite the abolition of fees);<br />
Security issues, due to long distances to school, sexual harassment<br />
and abuse by teachers and female colleagues, lack of female boardhous<strong>in</strong>g;<br />
Poor participation of girls and women <strong>in</strong> technical and professional<br />
education, particularly <strong>in</strong> high demand non-traditional employment<br />
areas; and<br />
Inadequate <strong>in</strong>stitutional support for gender promotion, particularly<br />
<strong>in</strong> the private sector, namely <strong>in</strong> policy promotion that prioritise<br />
gender.<br />
Trade, Economic Liberalisation and Development<br />
The overall goal of this <strong>in</strong>tervention is to facilitate trade and f<strong>in</strong>ancial<br />
liberalisation, competitive and diversified <strong>in</strong>dustrial development, and<br />
<strong>in</strong>creased <strong>in</strong>vestment for deeper regional <strong>in</strong>tegration and poverty<br />
eradication through the establishment of a <strong>SADC</strong> Common Market.<br />
We have <strong>in</strong>dicated <strong>in</strong> section IV of the study that the biggest problem<br />
for Mozambique regard<strong>in</strong>g the convergence matrix of <strong>in</strong>dicators <strong>in</strong>clude<br />
the budget deficit (% GDP) and the percentage of domestic sav<strong>in</strong>gs<br />
rates areas where the likelihood of meet<strong>in</strong>g the targets def<strong>in</strong>ed <strong>in</strong> the<br />
memorandum are very poor.<br />
Mozambique has signed almost all of the <strong>SADC</strong> Protocols under<br />
Trade, F<strong>in</strong>ance and Investment, namely the protocols on m<strong>in</strong><strong>in</strong>g, the<br />
Memorandum of Understand<strong>in</strong>g on Cooperation, Standardisation, and<br />
Macroeconomic Convergence. The country is committed and is work<strong>in</strong>g<br />
towards the fulfilment of the requisites for a useful <strong>in</strong>tegration. The<br />
tariff rates applied to import have been cut down drastically, and<br />
accord<strong>in</strong>g to a recent World Bank estimate, the average tariffs are<br />
around 9.4%.<br />
The Mozambican f<strong>in</strong>ancial system is still young, small, bank based,<br />
foreign owned and highly concentrated (IMF 2001). Although a great<br />
deal of reforms were conducted <strong>in</strong> the f<strong>in</strong>ancial sector <strong>in</strong> recent years<br />
a lot more rema<strong>in</strong>s to be done, namely <strong>in</strong> the areas foreign currency<br />
management, greater Central Bank <strong>in</strong>dependence, payment systems,<br />
bank<strong>in</strong>g supervision, legal <strong>in</strong>struments to regulate credit concession,<br />
capital markets and <strong>in</strong>surance, and money launder<strong>in</strong>g prevention<br />
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