A Sectoral Committee of Ministers of Finance was established within the institutional framework of SADC, and two sub-committees were created, one for Heads of Finance Departments, and a second for Governors of Central Banks.
BIS Review 37/1997  -6-  The Committee of Governors of the Central Banks of SADC met four times during the past eighteen months, finalised a Terms of Reference for its activities, established a Secretariat and Research Unit within the South African Reserve Bank, and agreed on a number of projects and programmes to be implemented.