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; 89

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