East African Community (EAC)

The East African Community (EAC) is a prominent regional bloc of eight partner states, including recent members Somalia and the DRC, headquartered in Arusha, Tanzania.

EAC Monetary Union Roadmap

  • Aimed at establishing a single currency to eliminate exchange rate volatility and transaction costs.
  • Progress has been slow, with the deadline shifted to 2031 due to fiscal convergence delays.
  • Requires a regional central bank and harmonised monetary and fiscal policies across all members.
  • Current focus is on integrating payment systems and stabilising inflation to meet transition criteria.

Progress in Common Market Protocol

  • Operates a Customs Union with a Common External Tariff to protect and ....
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