The East African Community Secretariat, the European Union and the International Monetary Fund call for further integral reforms in East African Community.
The call came during a jointly organized conference for regional integration and making Common Market for a Monetary Union in Arusha, Tanzania from October 31 to November 1.
The conference focused on progress in establishing Customs Union and Common Market for an effective transition to East African Monetary Union.
The conference brought together Finance Ministers, Ministers in charge of regional cooperation, Central Bank Governors.
Other senior policymakers, regional capital markets’ regulators, academics, civil society and private sector leaders from across East African Community member countries attended the conference.
Policymakers of the East African Community region reaffirmed their commitment to build a strong economic and monetary union.
Participants noted considerable progress towards a single entry visa, processing times at ports and removal of internal tariffs.