ARTICLE 2
ESTABLISHMENT OF THE NETWORK
1.
State Parties agree that consistent with the decision of Council of 2002,
there is hereby recognised, a network of development finance
institutions tasked with delivery on the SADC Common Agenda, to be
known as the SADC DFI Network and which shall operate under the
principle of subsidiary.
2.
Membership to the Network shall be open to all DFis operating at a
national level within the territory of a State Party.
ARTICLE 3
OBJECTIVES OF THE NETWORK
State Parties agree that the objectives of the Network shall be to:
(a)
collaborate on Projects;
(b)
pool resources in order to mobilise funds, both within and outside
the Region for purposes of financing development Projects in the
Region;
(c)
invest moneys in the form of equity capital in DFis where this is
considered desirable by the Network in General Meeting;
(d)
invest jointly in new structures should these be considered
necessary by the Network in General Meeting;
(e)
collaborate on the establishment of appropriate institutional
arrangements and mechanisms to facilitate the co-operation of
DFis and to meet the development finance needs in the Region;
(f)
co-operate in:
(i)
capacity building initiatives, including the exchange of
personnel;
(ii)
strengthening ICT (as defined in Annex 7), the exchange
of information and the sharing of data, all of which are
aimed at information sharing and communication among
DFis and with other relevant institutions;
(iii)
such policy research and analysis, and technical cooperation, as is required to facilitate and support
interactions between DFis more effectively;
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