{{President Yoweri Museveni is expected to seek quick implementation of the East African Monetary Union and also highlighting its implications on budgets member states.}}
Museveni is in Kigali for a special sitting of the East African Legislative Assembly (EALA).
His speech is also expected to focus on budget since the partner states are supposed to present their budgets in June for the next fiscal year.
Earlier the Speaker of EALA, Margaret Nantongo Zziwa said, “he is likely to indicate to us some of the indications, or some of the areas where they wish the EAC to focus on.”
Zziwa said, within this budget, the Assembly also envisages seeing the financial requirements which will help the institutions of EAC to prepare the monetary union protocol also known as currency union.
The Monetary Union is the third stage, after the Customs Union and the Common Market, in the EAC integration process. The EAC bloc aspires to become a Political Federation.
Leave a Reply