Page 55 - 40th Summit Brochure 2020

Funding and Incentive Strategy Project Work on the operationalisation of the
(Mauritius); SADC Regional Development Fund is on-
❖ Angola – Namibia Transmission Inter- going. The Agreement on the Opera-
connector – Extension of preparation tionalisation of the SADC Regional
funding – Part 2 and 3 Feasibility up to Development Fund was finalised and nine
52 Financial Close; Member States have signed the Agree-
❖ Wastewater Pumping Station and ment: Angola, DRC, Lesotho, Malawi,
Wastewater Treatment Plant (Mauri- Mozambique, Swaziland, Tanzania, Zam-
tius); bia and Zimbabwe. However, none of the
❖ Lomahasha – Namaacha Cross Border Member States has submitted instruments
Water Supply (Eswatini and Mozam- of ratification with the Secretariat. Sum-
bique); and, mit in August 2019 approved the Revised
❖ Kazungula Water Supply & Sanitation Roadmap for the SADC Regional Devel-
Project (Zambia). opment Fund, targeting its full opera-
T e MOZISA project was cancelled at tionalisation by August 2021. The
the PPDF Steering Committee meeting on Sustainable Financing of Regional Infra-
11 December 2019 due to the slow progress structure and Industrial Projects in SADC
of the project. is a framework being implemented
A PPDF Mid-Term Review consultancy through the AfDB, providing support to
was commissioned by the EU in 2018 to deepen regional integration.
provide an overall independent assessment
of its performance. KfW contracted a con-
sultant to assess the f rst and second phases INVESTMENT AND TAX-RELATED
of funding arrangements for the PPDF, in- MATTERS
cluding an analysis of strategic options for
the third phase. Based on the f ndings and Investment and Tax Related Matters
recommendations from this assessment, the T e United Nations Conference on Trade
Secretariat and the DBSA, developed the and Development Trends Monitor Report
Action Plan for Improving the Performance for January 2020 shows that foreign direct
of the PPDF which was considered and en- investment to the SADC region increased
dorsed by the Ministers in July 2019. A re- by 37 percent to US$5.5 billion in 2019
port on the status of implementation of the mainly due to the slowdown in net divest-
Action Plan will be presented to the SADC ment from Angola. South Africa consoli-
Committee of Ministers of Finance and In- dated its recovery with inf ows remaining at
vestment at its 2020 meeting. a little more than $5 billion. In addition to