Final evaluation of the Support to SADC Member States on the implementation of Finance and Investment Protocol (FIP) project

The Southern African Development Community (SADC) Protocol on Finance and Investment (FIP) complements regional trade agreements, by increasing the attractiveness of the SADC region as an investment area, enhancing the competitiveness of SADC enterprises on world markets, giving access to better and more cost efficient financial services, providing deeper and more liquid markets. It increases the availability of capital and reduces its costs, which increases public and private investment, thereby creating jobs, improving services and increasing livelihoods. The purpose of the Project was to support SADC Member States in achieving closer regional economic integration and harmonisation of the finance and investment sectors, through the implementation of the FIP. The implementation programme brought projects and results in nine areas: (1) Capacities both at regional and national level were strengthened to ensure a proper implementation and domestication of the FIP; (2) Harmonisation of national investment policies and legislation based on international “best practices”; (3) Progress in macroeconomic convergence was achieved; (4) SADC Member States’ tax regimes were coordinated; (5) The implementation in Member States of monetary and supervisory policies were more efficient, market oriented, and harmonised with the other Member States; (6) Progress was made towards current and capital account liberalisation; (7) The DFI structure to mobilise resources for development was enhanced; (8) New harmonised framework for non-banking financial institutions (CISNA) and securities exchanges (COSSE); (9) Development of a mechanism to monitor the implementation of the FIP and all its Annexes in the SADC Member States. The Final Evaluation (FE) of the support to SADC Member States on the FIP implementation was carried out by ADE in line with the requirements of the Financing Agreement. Importantly, it assessed whether the capacity of the SADC Secretariat and SADC Member States to manage implementation of the FIP had been enhanced by the activities of the Project.


Project Details
Country SADC
Start date 2012.08.15
End date 2013.02.06
Client EC Delegation
Sector EVALUATION
Sub-sector Project/Program
Ref. ADE A422-258