ADB Urges SADC towards Economic Integration
The African Development Bank (ADB) has called on the Southern African Development Community (SADC) countries to summon the necessary political will to integrate their economies and to take advantage of the enhanced political, social and economic prospects unfolding in post-apartheid South Africa. The ADB made this call while launching its Report on Economic Integration in Southern Africa at the 1994 SADC Consultative Meeting in Gaborone.
Presenting the report to Botswana President Masire at the Consultative Meeting, the ADB Vice-President in charge of operations in the Southern African region, A. Sangowawa, outlined the Bank's ultimate objective to use the report to enhance its capacity to evolve a programme of action in the short, medium and long terms for promoting genuine and sustainable economic integration in Southern Africa in particular and in Africa in general.
Every country should gain
The report, which formed the central theme of the conference, made recommendations on how Southern African countries could achieve a dynamic regionally balanced development strategy under which every country should be a net gainer from the economic integration programme based on each country's comparative advantage.
Vice-President Sangowawa announced that the ADB, in consultation with the Organisation of African Unity (OAU), the UN Economic Commission for Africa (ECA) and the donor community, would give priority attention to implementing the findings and recommendations of the report. …