He said Tanzania’s official stand regarding the willingness of other
countries to enter bilateral or trilateral arrangements needed consensus
before their implementation. PHOTO|FILPosted Saturday, November 2 2013 at 11:27
In Summary
- This was at the on-going Eala secession in Bujumbura yesterday on the Consultative Workshop on the East African Monetary Union (Eamu).
>The East African Legislative Assembly (Eala) has adopted the Monetary Union report and called for its full implementation.
- This was at the on-going Eala secession in Bujumbura yesterday on the Consultative Workshop on the East African Monetary Union (Eamu).
EA regional assembly adopts monetary union report
By Dorothy Nakaweesi
The Citizen Correspondent
Kampala. The East African Legislative Assembly (Eala) has adopted the Monetary Union report and called for its full implementation.
This was at the on-going Eala secession in
Bujumbura yesterday on the Consultative Workshop on the East African
Monetary Union (Eamu).
While the assembly maintained that the Eamu was a
defining moment for the integration process, it reiterated the need for
the region to move with haste to fully implement the Customs Union and
the Common Market Protocols.
“Full implementation of the two Pillars, the
Assembly ascertains, will pave way for entry of the single currency,” an
Eala member said.
The report presented by Ms Angela Kizigha,
chairperson of the CTI, said once in place, the Eamu would promote and
sustain a zone of sound monetary policy and prudent fiscal policies to
reinforce EAC’s monetary policies.
The roadmap of the Eamu provides for its
implementation over a 10-year period, time within which, the single
currency shall be realised.
No comments :
Post a Comment