Friday, 2 March 2012

SADC finances critical

There is a SADC meeting taking place in Luanda this week. The first thing the chairperson of the Council of Ministers did was, apparently, to tell everyone the organisation is in financial trouble.

Ana Dias Lourenço said that before the assessment of finance committee, considering the financial situation of the organization as critical, the member states should worry about the objective and then seek together better solutions for SADC sustainability.
Great, the body that is supposed to strengthen the position of Southern Africa by representing the regional block in, among other things, trade negotiations, has no money. This does not bode well. Thoughts on why SADC might be broke?

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