SADC Executive Secretary Strengthens Global Partnerships at IMF–World Bank Spring Meetings

Thu, 23 Apr 2026 08:01:19 +0000
Financial Services

H.E. Elias Magosi, Executive Secretary of the Southern African Development Community (SADC), participated in the IMF–World Bank Group Spring Meetings from April 13–18, 2026, in Washington, D.C. The Secretariat manages a programme portfolio valued at US$31,566,210 across statistics, climate resilience, groundwater management, and energy sectors. The World Bank committed US$292 million for the Zambian portion of the Zambia–Tanzania Interconnector and US$12 million for Phase Two of the SADC Regional Energy Transmission, Trade, and Decarbonization (RETRADE) Programme running until December 2028. Engagements included discussions on Zimbabwe's Arrears Clearance and Debt Resolution Roadmap, the African Continental Free Trade Area (AfCFTA), and health financing initiatives amid reductions in Official Development Assistance.