The Quest for Regional Integration in the East African Community EDITORS Paulo Drummond, S. Kal Wajid, and Oral Williams INTERNATIONAL MONETARY FUND ©International Monetary Fund. Not for Redistribution © 2014 International Monetary Fund Cover design: IMF Multimedia Services Division Cataloging-in-Publication Data Joint Bank-Fund Library The East African Community : quest for regional integration / editors: Paulo Drummond, Kal Wajid, and Oral Williams. – Washington, D.C. : International Monetary Fund, [2014]. p. ; cm. Includes bibliographical references and index. ISBN: 978-1-48436-441-3 (Paper) 1. East African Community. 2. Africa, East – Economic integration. 3. Monetary unions – Africa, East. 4. Customs unions – Africa, East. 6. Social integration – Africa, East. I. Drummond, Paulo Flavio Nacif, 1966- II. Wajid, Syed Khalid S. III. Williams, Oral. IV. International Monetary Fund. HG1342.E32 2014 Disclaimer: The views expressed in this book are those of the authors and do not necessarily represent the views of the International Monetary Fund, its Executive Board, or management. Please send orders to: International Monetary Fund, Publication Services P.O. Box 92780, Washington, DC 20090, U.S.A. Tel.: (202) 623-7430 Fax: (202) 623-7201 E-mail:
[email protected] Internet: www.elibrary.imf.org www.imfbookstore.org ©International Monetary Fund. Not for Redistribution Contents Foreword ........................................................................................................................................v 1 Overview ..........................................................................................................................1