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EAC makes progress on financial sector integration

Published on November 03, 2016

East African Community (EAC) has made considerable progress on payment systems and financial markets integration.

However, participants on the high level conference concluded in Arusha on Tuesday acknowledged that fiscal deficits need to be brought down to meet the convergence criterion and to ensure the stability of the future monetary union.

Convergence goes beyond headline fiscal deficits and public debt, and fiscal risks need to be monitored closely. Read more. Source | Daily News