An argument could be made that since all CMA member countries are members of SADC, it will be better for Namibia to concentrate on the SADC monetary union discussions. However, this will only be true if one was certain that the SADC discussions will go ahead as per the agreed timeframe.
In addition, with respect to market-wide initiatives, it is important for the public sector to concurrently play the role of a coordinator and a facilitator. For the ongoing interest rate benchmark reform, the public sector needs to simultaneously review various frameworks and practices that have been developed based on LIBOR.