IMF deputy managing director and acting chairperson Naoyuki Shinohara
The International Monetary Fund has advised the East African Community to prepare for the complexities that come with wider membership in terms of integration.
The IMF advice comes at a time when the EAC membership has grown to five countries and there are talks of more like South Sudan and Democratic Republic of Congo of joining the union.
Speaking during a High-Level Conference on the 10 Years of the EAC in Arusha, Tanzania the IMF Deputy Managing Director, Mr Naoyuki Shinohara, said EAC needs to balance the prospective benefits of a larger Common Market against the greater complexity that comes with a more diverse membership.
The ECA currently has a population of about 150 million people with a combined Gross Domestic Product of about $74 billion.
By Martin Luther Oketch, Daily Monitor
