Arusha to host EAC-IMF conference on financial sector

ARUSHA, Tanzania, February 22, 2012/African Press Organization (APO)/ — The EAC will next week hold a conference on the regional financial sector in Arusha, Tanzania. The 27-28 February conference has been organized by the EAC Secretariat in collaboration with the International Monetary Fund.

Themed “The East African Community after 10 Years: Deepening EAC Integration”, the high-level conference will offer at least 100 regional and international experts and policy makers a platform to discuss the EAC’s accomplishments to date, the benefits of regional integration, relevant international experience, and the macroeconomic policy challenges going forward.

A number of high profile participants, including the IMF’s Deputy Managing Director Mr. Naoyuki Shinohara, Partner State Ministers of Finance, Secretaries to Treasury and Central Bank Governors, as well as renowned University of Oxford academic Professor Paul Collier are among the key speakers confirmed for the two-day event.

They will discuss subjects such as sustaining economic growth in the region; developments in the Eurozone and the lessons for the EAC as it negotiates a protocol for a monetary union; monetary policy harmonization among the Partner States; as well as regional financial integration.

The EAC Secretary General Amb. Dr. Richard Sezibera says the conference offers a unique opportunity to discuss how best the region should work to achieve its vision of promoting a secure, competitive and prosperous East Africa and coming at a time when the EAC is eyeing a monetary union, will provide policy makers an opportunity to brainstorm on how to avoid the pitfalls being experienced in the Eurozone.

The other major players in the region’s financial sector expected to attend the conference include; chief executives from the capital markets, insurance and pensions regulators and major financial institutions, academics, private sector leaders, and senior staff from international financial institutions.

Canadian International Development Agency (CIDA) are the conference co-sponsors.


East African Community (EAC)

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