Costed Action Plan for SADC Industrialization Strategy and Roadmap significantly increase tax revenues as a percentage of GDP, which could contribute to the financing of infrastructure investment.3 (iii) Doing Business. Given the central role of FDI in enhancing value chain participation, institutional and Doing Business reforms will be needed to improve the business and investment environment. Table 7.3: Projected Financing Gap for 2015-2030 in SADC Countries SADC Countries ICOR (Median) Angola 5.4 GDP per capita Target 6.0 Population growth rate Average* Investment rates Average* Savings rates Required Investment (% of GDP) FDI (% of GDP) ODA (% of GDP) 3.4 28.5 47.1 50.7 6.0 1.8 Financing Gap (% of GDP) -4.2 Botswana 5.4 6.0 1.6 27.9 34.9 41.3 4.6 1.4 0.4 Congo, Dem. Rep. Lesotho 5.4 6.0 3.1 12.2 8.7 49.2 3.1 15.9 21.5 5.4 6.0 0.8 29.7 36.8 3.4 7.8 25.5 Madagascar 5.4 6.0 2.9 27.3 5.8 48.3 5.5 11.6 25.4 Malawi 5.4 6.0 2.8 21.0 5.1 47.4 2.6 20.4 19.3 Mauritius 5.4 6.0 0.6 23.0 15.8 35.4 2.3 0.7 16.7 Mozambique 5.4 6.0 2.9 21.0 6.1 47.8 5.5 20.9 15.3 Namibia 5.4 6.0 1.5 26.5 12.9 40.6 2.8 2.9 22.1 Seychelles 5.4 6.0 1.0 28.0 18.4 37.8 11.7 2.8 4.9 South Africa 5.4 6.0 1.5 19.6 19.4 40.7 1.9 0.3 19.1 Swaziland 5.4 6.0 1.2 12.6 5.7 38.8 2.6 1.8 28.7 Tanzania 5.4 6.0 2.9 29.7 17.4 48.1 3.8 11.2 15.7 Zambia 5.4 6.0 2.7 21.3 47.1 5.8 12.8 28.5 Zimbabwe 5.4 6.0 1.1 11.2 -7.2 38.4 0.8 6.0 SADC Countries (as a group) Mean 5.4 6.0 2.0 21.0 14.6 43.2 4.2 7.9 17.1 Median 5.4 6.0 1.6 23.0 12.9 41.3 3.4 6.0 19.2 Standard deviation 2.4 0.0 1.0 6.5 14.0 5.3 2.6 7.2 10.2 Source: Authors’ Computations based on data from World Bank: World Development Indicators and UNCTAD Reports: World Investment Reports. Notes: The ICOR is the median of historical values for the period 2000-2014. * Averages for the period 2000-2014. A negative sign (-) suggests a possible surplus. 3 IMF (2015): Sub-Saharan Africa, Regional Economic Outlook (October 2015) 57