The need to accelerate growth, investment and employment in the SADC Region through increased cooperation, coordination and management of macroeconomic, monetary and fiscal policies and to establish and sustain macroeconomic stability as a precondition to sustainable economic growth and for the creation of a monetary union in the Region urged SADC Member States to sign the Finance and Investment Protocol in 2006.
Through this Protocol Member States acknowledge their collective duty to achieve economic growth and balanced intra-regional development, compatibility among national and regional strategies and programmes, to develop policies aimed at the progressive elimination of obstacles to the to free movement of capital labour, goods and services, and of the residents of the Member States, improve economic management and performance through regional cooperation, and to create appropriate institutions and mechanisms for the implementation of programmes and operations in the Region.
