Luanda - The member States of the Southern Africa Development Community (SADC) need USD 42.3 billion to implement 54 projects in 15 years.
The fact was confirmed by the deputy executive secretary for Regional Integration, João Samuel Caholo.
Speaking to Angop on the sidelines of the meeting of senior officials of the Finance Ministers of SADC, the official said that the projects will be implemented within five years period.
According to the regional bloc secretary, the projects are linked to the fields of energy, transport, information technology, metrology, tourism and water resources.
Based on the protocol of finance and investment, the technicians will work for the achievement of tools and harmonised financial policies in terms of fiscal discipline.
Technically, he said, the members are working on the operating of the SADC development fund, which was scheduled to hold a meeting of Finance ministers of the community on Wednesday, but it did not happen due to the lack of quorum.
João Samuel Caholo also said that the member countries pay with regularity the respective fees excepting for Madagascar, due to political ground, but it has already expressed its availability to make contributions.
The official also hailed Angola's presidency at the organisation, due to its commitment to the regional development issue.
Mozambique will host on 13 August the next meeting of minister of Finances of SADC.