Russia, Southern African Development Community Sign Action Plan On Cooperation: Details & Analysis
Russia has signed a Joint Development Action Plan with the Southern African Development Community. The SADC has a collective population of about 406 million, a combined GDP (PPP) of US$2.62 trillion, and a projected combined 2026 GDP growth rate of 3.2%, according to the IMF. Current bilateral trade with these 16 southern African nations is just a collective US$2 billion per annum, however the Action Plan contains development programmes to substantially improve this. We examine the plan and look into the implications. This article is of substantial interest to anyone in the Russia-Southern Africa trade and development sector.
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