{
  "title": "The Quest for Regional Integration in the East African Community",
  "publication": "Books, January 12, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/books/issues/2016/12/31/the-quest-for-regional-integration-in-the-east-african-community-41344",
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  "summary": "The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa. The EAC countries are making significant progress toward financial integration, including harmonization of supervisory arrangements and practices and the modernization of monetary policy",
  "sections": [
    {
      "heading": "Overview and central thesis",
      "content": "- The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa.\n- The book focuses on regional integration in the EAC and argues that:\n  - Establishing a time table for eliminating the sensitive-products list is an important reform to foster regional integration.\n  - Establishing a supranational legal framework for resolving trade disputes is an important reform to foster regional integration.\n- The EAC countries are making significant progress toward financial integration, including:\n  - Harmonization of supervisory arrangements and practices.\n  - Modernization of monetary policy frameworks."
    },
    {
      "heading": "Key findings and themes",
      "content": "- Economic growth context:\n  - EAC countries are characterized as among the fastest growing economies in sub-Saharan Africa.\n- Financial integration progress:\n  - Harmonization of supervisory arrangements and practices is underway.\n  - Modernization of monetary policy frameworks is occurring across EAC members.\n- Trade integration priorities:\n  - Elimination of the sensitive-products list (with a time table) is highlighted as a priority.\n  - Creation of a supranational legal framework for trade-dispute resolution is highlighted as a priority."
    },
    {
      "heading": "Policy recommendations and institutional reforms",
      "content": "- Implement a time table for eliminating the sensitive-products list to advance regional trade integration.\n- Establish a supranational legal framework for resolving trade disputes to support deeper integration.\n- Continue harmonizing supervisory arrangements and practices across EAC banking and financial systems.\n- Continue modernizing monetary policy frameworks to support integrated financial markets.\n\n---\n\n Content in this bundle\n\n- 21170 9781475593600\n  - 21170 9781475593600 (PDF){rel=\"external\" type=\"text/html; charset=UTF-8\"}\n\n---\n\nSource: https://www.imf.org/en/publications/books/issues/2016/12/31/the-quest-for-regional-integration-in-the-east-african-community-41344"
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    "Authors: Paulo Drummond, S. K Wajid, Oral Williams",
    "Published: January 12, 2015",
    "Series: Books",
    "DOI: https://doi.org/10.5089/9781484364413.071",
    "The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa.",
    "The book focuses on regional integration in the EAC and argues that:",
    "The EAC countries are making significant progress toward financial integration, including:",
    "Economic growth context:",
    "Financial integration progress:",
    "Trade integration priorities:",
    "Implement a time table for eliminating the sensitive-products list to advance regional trade integration.",
    "Establish a supranational legal framework for resolving trade disputes to support deeper integration.",
    "Continue harmonizing supervisory arrangements and practices across EAC banking and financial systems.",
    "Continue modernizing monetary policy frameworks to support integrated financial markets.",
    "**21170 9781475593600**"
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