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EAC meet to discuss deepening integration

14th February 2012
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The East African Community (EAC) has organised a two-day international meeting of experts and policy makers to discuss various issues relating to deepening integration.

According to EAC, issues to be discussed include the region’s accomplishments, benefits of regional integration, relevant international experience and the macroeconomic policy challenges going forward.

A statement issued by the community at the weekend said the conference slated for Arusha on February 27, this year will bring together 100 participants with a broad range of interests and responsibilities.

Senior officials who will take part in the meeting include finance ministers and central bank governors from Uganda, Rwanda, Tanzania, Uganda and Kenya.

Others are International Monetary Fund (IMF) and World Bank representatives and business leaders. The conference is co-sponsored by CIDA, IMF and the EAC secretariat.

According to the conference time table, various papers on emerging East Africa, sustaining economic growth in the East African Community, developments in the Eurozone: Lessons for Monetary Union, will be discussed

Others are Fiscal Policies in a Regional Context, Monetary Policy Harmonization in the EAC, Promoting EAC Regional Financial Integration, Investment and Trade in the EAC: Progress and Priorities and Policy Priorities for the East African Community.

Meanwhile, the EAC Secretary General Amb Dr Richard Sezibera has appealed for more investments in the region from non partner states to boost industries and income bases.

He said while in Japan last week that major investments were required for infrastructure, industrial plants, mining, energy production and commercial agriculture.

Sezibera reiterated that development partners and non partner state actors have played and continue to play a pivotal role in the development of the EAC.

He noted that steady progress has been made in deepening the EAC integration process and benefits from the attained stages are evident from the rising intra-EAC trade figures and cross regional investments.

SOURCE: THE GUARDIAN
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