Deepening Integration in SADC - Fes-botswana.org

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profile of individual member countries, thereby raising the much needed "long-term investments" which will assist in strengthening the industrial base. SADC states to build institutional capacity to remain central actors in determining their development strategies, with civil society playing a role associated with dialogue and in the peace building processes. In this context, it is foreseen that both the Council of Ministers and the Joint Parliamentary Assembly should play the role of organising a dialogue with representatives of SADC economic and social partners, and with other actors of civil society in order to obtain their views on the attainment of the objectives of the ongoing process of regional integration. At the same level business representation and other economic actors such as labourers, farmers and commerce, will have to the norm in each of the participating member countries. The upholding of the basic principles of political governance including peace, security and conflict resolution, and rule of law-all of which serve to guarantee non-reversal of the business confidence that is needed for sustainable growth and investment in the regional economies. The creation of an institutional framework will help in ensuring maximum benefits to SADC countries from EPAs. New Economic Partnership for African Development (NEPAD). 10.3 Monitoring and Evaluation of Macroeconomic Convergence in SADC T he SADC ambitious goals and objectives, as captured in its Regional Indicative Strategic Development Plan (RISDP), are to complete a Free Trade Area (FTA) by 2008, become a Custom Union by 2010, create a regional common market by 2015 and a monetary union by 2016. To realise these targets in the finance and investment sub-sector, member states commenced with the development of the Finance and Investment Protocol (FIP) development process in 1998 through a bottom-up approach in terms of a variety of financial sub-sector-specific Memoranda of Understanding. Various technical committees were set up to develop MOUs in defined sub-sectors in the areas of fiscal and 155
monetary policies, financial markets, central banks, investment, taxation, development finance and non-banking regulators. These committees were also tasked with the implementation of the MOUs once they had been adopted. The MOUs capture SADC policy in each of their respective areas (Senaoana, 2005). To achieve and maintain macroeconomic convergence, there is a need to monitor and evaluate the stability-oriented economic policies to be implemented by regional integration. Member States have agreed that stability-oriented policies include: Restricting inflation low and table; Maintaining a prudent fiscal stance that eschews large fiscal deficits, monetisation of deficits, high public debt, and large financial imbalances in the economy; Minimising market distortions, both internal and international 27 . Member States concur furthermore, that macroeconomic convergence in SADC, will be measured, evaluated and monitored by the following indicators: Rate of inflation; Ratio of the budget deficit to GDP; Ratio of the net present value (NPV) of public or public guaranteed debt to GDP; The balance and structure of the external account. Convergence will support existing SADC policy and initiatives for regional economic integration and the sharing of the benefits of the SADC Free Trade Agreement. When economies diverge, trade and investment flows between them become thin and risky (Nathan - MSI Group, 2003). Convergence is expected to be achieved through regional programme driven by a "dynamic, sustainable and credible regional economic unit," called mutual stability mechanism (MSM) (Nathan - MSI Group, 2003). 27 This does not mean that countries must have the some policies. Mozambique and Zambia differ with respect to the importance of agriculture and mining to their economies, and their policies therefore will differ.Countries may converge with respect to macroecomic performance yet diverge widely on national policies and convergence programs. 156
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Regional Integration in Southern Af
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2 Impressum Published by Friedrich
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South Africa’s international trad
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Table of Contents Preface..........
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10 10 Concluding Concluding Remarks
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List of Tables Table 1: SADC Countr
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List of Abbreviations ACP Africa Ca
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SQAM Standards, Quality, Acreditati
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five-year period. The Government Pr
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Despite these substantial achieveme
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Labour Market Policy Framework In v
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This made it possible to bring down
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Domestic Domestic Savings Savings (
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Net Net Net Primar Primary Primar P
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Gender Gender Equality Equality and
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Lack Lack of of Economic Economic D
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The SADC ambitious goals and object
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Assegurar o desenvolvimento económ
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população vivendo abaixo da linha
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objectivos da integração regional
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linha com os compromissos assumidos
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1 Introduction O n 25 June 1975, Mo
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2 RISDP Goals and Objectives 2.1 Po
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3. To ensure equitable and sustaina
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implementation of the Trade Protoco
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Liberalising exchange controls on c
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products will be duty-free tradable
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4 Macroeconomic Stability Indicator
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4.3 Current Account The SADC overal
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As illustrated in Table 5.5, in 199
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Keeping inflation at low and stable
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We will focus our analyses on the m
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Central Bank resources as one of th
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Table able 9: 9: Mozambique Mozambi
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Still in the context of fiscal poli
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Additionally, among the variables t
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5.4 Macroeconomic Convergence Probl
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tend to increase ownership of long
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Despite this structure of the econo
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Figur Figure Figur e 2: 2: Composit
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Figur Figure Figur e 4: 4: Mozambiq
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Table 14 presents GDP growth rates
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Table able 16: 16: Gover Government
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Mozambique has made remarkable prog
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Real exchange rates may change due
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infrastructure will improve, the wo
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products only beginning this year (
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"two stage" transformation nature.
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Table able 19: 19: Partner Partner
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As for imports, the use by our impo
Page 105 and 106: force behind the build up of debt.
Page 107 and 108: AGOA African Growth and Opportunity
Page 109 and 110: kinds, which kept goods produced in
Page 111 and 112: egarded as the prime suspects for t
Page 113 and 114: 6.16 Impact of WTO Rules The open-e
Page 115 and 116: Creating structures to facilitate t
Page 117 and 118: 6.18 Analysis of Labour Market Tren
Page 119 and 120: Table able 23: 23: Companies Compan
Page 121 and 122: With the operationalisation of vari
Page 123 and 124: Cost-benefit analysis could help th
Page 125 and 126: GNP per Capita/GNI per Capita (in U
Page 127 and 128: 7.1 Analytical Tools Used for Socia
Page 129 and 130: The main challenges in the fight ag
Page 131 and 132: High education costs (despite the a
Page 133 and 134: Eskom and EDM (Mozambique Power Gen
Page 135 and 136: lowest HDI (0.379). This low level
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Page 139 and 140: side deficiencies, such as poor lev
Page 141 and 142: Where L represents labour allocatio
Page 143 and 144: Import penetration in this sector i
Page 145 and 146: ability to import duty free. A comp
Page 147 and 148: ates have been declining in real te
Page 149 and 150: progress and reforms might be neces
Page 151 and 152: may also occur when there is displa
Page 153 and 154: Static gains tend to focus on the i
Page 155: Constitution making, democratic ele
Page 159 and 160: To meet SADC requirements and sell
Page 161 and 162: Mozambique (2004). Removing Obstacl
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Page 165 and 166: List of Tables Table 1: Type of Bus
Page 167 and 168: Table 48: % Have You Attended Works
Page 169 and 170: 60% of Non-State Actors are from Ci
Page 171 and 172: In general the survey allows an ana
Page 173 and 174: actividade, são muito favoráveis.
Page 175 and 176: A constituição de parcerias entre
Page 177 and 178: Data Collections To facilitate the
Page 179 and 180: 62.5% of the companies inquired and
Page 181 and 182: while four of those strengthen slig
Page 183 and 184: producers, only answers from Busine
Page 185 and 186: The regional integration in SADC wi
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Page 191 and 192: Figur Figure Figur e 3 3 -T -Type -
Page 193 and 194: Table able 5 5 -T -Type -T ype of o
Page 195 and 196: Table able able 10 10 10 - - Shar S
Page 197 and 198: Table able 14 14 - - % % of of Main
Page 203 and 204: Table able 26 26 - - Annual Annual
Page 205 and 206: Table able 32 32 - - T TType T ype
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Table able 38 38 - - Par Par Partic
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Table able able 42 42 - - % % If If
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Table able 44 44 - - % % Most Most
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Table able 47 47 - - % % Is Is Regi
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