By John Fraser and Collins Mtika
The Southern African Development Community has an ambitious infrastructure development plan to deal with the region’s deficit road, rail and ports infrastructure.
LILONGWE/JOHANNESBURG, Aug 29 2013 (IPS) – The Southern African Development Community has had to revisit its plans to raise funding for its ambitious regional development plan in the wake of a cold-shoulder from western nations and multilateral finance institutions.
“Nobody has come forward to fund any of the projects we have outlined. I have been to Japan, the United States and the United Kingdom, among other countries,” SADC deputy executive secretary for regional integration Joao Samuel Caholo told IPS.
“What is holding us back as SADC is our inability to fund our own priorities and programmes. Therefore, a sustainable funding mechanism has to be established if we are to show that we are committed and progressing.”
However, development experts have questioned…
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