MUNITY SOUTHERN M CO AF T VE N DE LOPM EN CA RI RE REGIONAL STRATEGIC ACTION PLAN IV (2016 - 2020) T U W TO AR D SA C O M MO N FU SADC Secretariat Ensure that all projects achieve the desired objectives and that the RSAP funds are used to produce the required outputs. RSAP Sub-Committees Provide strategic guidance on i) hydrology, ii) groundwater, iii) water quality and iv) water supply and sanitation. Project Steering Committees Oversee the various stages of project implementation and assess progress made at each stage against the project objectives. Implementation Agencies Supervise and provide operational management of RSAP projects. RSAP Focal Points Facilitate communications between SADC and Member States on the implementation of RSAP projects. International Cooperating Partners Provide financial and technical support in the implementation of RSAP projects. Regional Networks & Partnerships Provide implementation support and facilitate networking across sectors at national and regional levels. TABLE 6.2 RSAP PROJECT IMPLEMENTATION: ACTORS AND RESPONSIBILITIES 6.3.1 FINANCING STRATEGY The RSAP IV financial strategy is guided by the 2005 Paris Declaration on aid effectiveness adopted by the SADC Secretariat, as a new partnership with International Cooperating Partners. • to be made more attractive to attracting private capital, especially public-private partnerships. intensifying efforts to access funds such as the Africa Water Facility that are dedicated for the African continent. 6.3.4 FINANCIAL MANAGEMENT This is to ensure the ownership, alignment and harmonization of procedures in the delivery of development assistance, which is also enshrined in the 2006, Windhoek Declaration. 6.3.2 PROGRAMME MANAGEMENT In order to reach its goal, the RSAP IV is managed and financed as one programme rather than a series of unrelated projects. Funds are dedicated to the management of the programme, in joint financial arrangements between SADC and ICPs in the spirit of the Paris and Windhoek Declarations. Sound financial management is critical for ensuring that SADC attracts funding for the water sector. Financial management is about ensuring that funds are available when needed and that they are obtained and used in the most efficient and effective way. The following commitments are essential for sound financial management: • • • 6.3.3 INCOME DIVERSIFICATION • A key factor of financial sustainability is income diversification, in order to improve RSAP IV financial resilience to changes in the funding environment. SADC will strengthen its current funding sources and develop new income streams. The income diversification strategy includes: • • clear priorities are set to achieve the RSAP goal and objectives; all financial transactions are consistent with applicable accounting standards; financial performance is monitored against planned budget and programme objectives; and periodical reports are made to key stakeholders on the financial results of operations. intensifying efforts to mobilize domestic resources. This calls for greater contributions from Member States in various forms. creating an enabling environment for private investments. This calls for the SADC water sector 36 A Vehicle to implement the Water Component of the Regional Indicative Strategic Development Plan (RISDP)