Costed Action Plan for SADC Industrialization Strategy and Roadmap Expected Results/Outcomes Targeted Outputs Output Key Performance Indicators (KPIs) Main Tasks/Activities Domestic savings increased to 35% of GDP by 2025 % of private credit to total credit % of domestic savings to GDP Sub-activities Phase 1 Phase 2 (2016 - 2020) (2021 - 2030) II.2.6: Access to finance for Industrialization (continued) Enhanced Strategy for Strategy Develop and access to financial document on implement finance by SMEs inclusion and Financial strategy for SMEs access Inclusion and financial inclusion to finance SMEs Access to and SMEs access developed, Finance to finance implemented by 2020 Share of private sector credit increased to 40% by 2025 Timeframe Improve access to finance by strengthening domestic savings mobilization and improving the investment climate for private sector investment, including FDI Conduct an assessment of level of financing requirements for SMEs 2017 Develop Strategy for financial inclusion and SMEs access to finance Develop implementation plan 2016 Implement the Strategy 20172020 Undertake financial sector reform to facilitate domestic savings and improve investment climate 2018 2017 Responsibilities Private Sector Indicative Costs (USD) SADC Membe Secretariat r States SADC Secretariat Member States Undertake assessment of level of financing requirement for SMEs Develop the Strategy Provide information for the assessment Provide 1,100,000 information for the assessment Provide input during assessment study Provide input for the assessment study Develop Consider Provide input implementati and approve for the plan on plan the plan 20212030 Coordinate Implement implementati the Strategy on of Strategy 2021-2025 Monitor progress Initiate financial sector reform Provide feedback on Strategy implementatio n Provide information for financial sector reform 115