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Browsing: EAC Monetary Union
- EAC Monetary Affairs Committee (MAC) meets every year to asses the region’s progess.
- This year the MAC meeting will be held in Juba, South Sudan.
- Sectors like fishing, timber, and agriculture have been identified as potential areas for growth and revenue generation.
East Africa Community governors of central banks are set to meet to assess the regions’ economic scorecard and avenues for investments. The chair of the EAC Monetary Affairs Committee James Alic Garang, who is the Bank of South Sudan governor said that single currency for the EA region will feature prominently in the deliberations.
This body meets annually, usually around April or March, to take stock of the progress and challenges along the path of establishing monetary union. This coming at a time that the East African Community member-states are in a race to harmonise critical policies and putt in place the institutions to attain a single currency …