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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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