SADC Resource Mobilisation Strategy In addition to financing sizeable infrastructure projects prepared through the PPDF, the SADC Development Fund would also develop mechanisms and tools to assist SADC in its regional integration agenda. In this context, the objective of the SADC RDF will be to support SADC Member States in: · Promoting sustainable and equitable economic growth and socioeconomic development in the SADC region through regional integration; · Mobilizing resources from SADC Member States, cooperating partners, and the private sector to promote SADC’s trade integration agenda; · Implementing trade integration enhancing infrastructure investment in accordance with the SADC Regional Infrastructure Development Master Plan; and · Improving aid effectiveness and coordination. Establishing a Regional Development Fund opens new avenues to facilitate attraction of external resources like grants from International Cooperating Partners, concessional funds from multilateral institutions such the World Bank and the African Development Bank, and private sector. The Fund would serve as intermediary between international financing institutions and SADC institutions and/or Member States. While the SADC Region has already made a decision to establish a Regional Development Fund, emphasis is placed on expediting this process. 6.2 Other Financing Mechanisms and Partnerships Other financing mechanisms and partnerships with emerging economies can be explored for the SADC Region’s development as they contribute to broadening the resource channels. 6.2.1 Public-Private Partnerships The private sector can play a central role in mobilising resources (including domestic) creating wealth, income and jobs and advancing innovation for development. It is therefore important to develop innovative financial mechanisms to mobilise private finance for shared development goals. 18