Southern Africa: regional cooperation vital

Regional integration that enhances economic growth is a vital objective of Southern African governments, said Xolile Guma, a deputy governor of the South African Reserve Bank.

To this end a majority of the 15 members of the Southern Africa Development Community are now working on achieving an inflation and a budget deficits of less than 3%, a ratio of public sector debt to GDP of less than 60% and a ratio of current account deficit to GDP of less than 5% by 2018, said Guma.

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