Costed Action Plan for SADC Industrialization Strategy and Roadmap Revised RISDP. The institutional framework was to aim at enhancing the capacity of the Secretariat to deliver on the Strategy, including the institutional infrastructure requirements of the organization. 1.2 Overall Objective The overall objective is to develop and cost an Action Plan for implementation of the Industrialization Strategy. The Action Plan should be elaborated in line with the longterm perspective and quantitative goals stipulated in the SADC Industrialization Strategy and Roadmap while taking the following into consideration: (a) the transformation of the region, which should be driven by the process of manufacturing, value addition, and value chains; (b) the growth targets and quantitative goals set out in the Strategy; (c) the partnership between states and the private sector, and a consideration that industrialization will essentially take place at the national level; (d) the three binding constraints that need to be tackled to accelerate industrialization, namely, infrastructure, skills and finance; (e) priorities for industrialization, namely, agriculture-led, natural resource led and environmentally sustainable growth and enhanced participation in value chains; (f) the need to link national and regional priorities as well as coordination of industrial policies towards convergence in the medium to long term as a way to ensure that all Member States benefit from SADC membership; (g) the need to recognize the vital role to be played by both public sector and private sector at national and regional levels; and (h) The need for effective financing mechanisms. 1.3 The Industrialization Strategy and Roadmap The SADC Industrialization Strategy and Roadmap (2015 – 2063) was developed as an inclusive long-term modernization and economic transformation scheme that enables substantial and sustained raising of living standards, intensifying structural change and engendering a rapid catch-up of the SADC countries with industrializing and developed countries. It is anchored on three interdependent strategic pillars (Figure 1): industrialization as champion of economic transformation; enhanced competitiveness; and deeper regional integration. The quantitative and qualitative goals of the Strategy are outlined in Box 1.1. Deeper regional integration should involve the use of industrial policy levers to enhance competitiveness that will drive industrialization over the planning horizon to 2063. To deliver this process greatly hinges on the adoption of appropriate long-term 16