SADC treasury chefs brainstorm on proposed regional infegration

Zimbabwe is hosting senior treasury and central bank officials from across Southern African Development Community (SADC) as the regional bloc moves to deepen economic integration and strengthen macroeconomic stability.

The week-long meeting of senior treasury and central bank officials is a precursor to the ministerial session scheduled for July 2.

In his opening remarks, Joseph Mverecha, the chief director for economic affairs at the Ministry of Finance, Economic Development and Investment Promotion, said Zimbabwe remained firmly committed to the regional integration agenda.

"Strong institutions, sound macroeconomic policies and collective action are the key drivers of sustainable economic growth," he said.

SADC deputy executive secretary for regional integration, Angele Makombo N'Tumba, said the deliberations will be centred on macroeconomic convergence, financial stability, investment climate reform, and accelerated implementation of the SADC protocol on finance and investment.

N'Tumba hailed the recent removal of South Africa, Mozambique and Namibia from the Financial Action Task Force (FATF) grey list.

"This reinforces investor confidence and regional financial stability," she said, noting the progress member states had made in strengthening financial integrity. South Africa and Mozambique exited the watchlist in October 2025; Namibia followed at the June 2026 FATF plenary.

Chairing the senior officials' session, Themba Zulu of South Africa's national treasury, called for constructive engagement from all delegates.

"Regional integration is a long-term journey requiring collaboration, resilience and practical solutions to our shared economic challenges," Zulu said.

Over the coming days, officials will deliberate on macroeconomic convergence, fiscal and monetary cooperation, regional payment systems including the SADC real-time gross settlement system infrastructure financing, foreign direct investment promotion, and the operationalisation of the SADC regional development fund.

Outcomes of the technical sessions will inform ministerial deliberations on July 2, chaired by South Africa's Finance minister Enoch Godongwana.

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