Debts delay EAC monetary union

Jun 19, 2012

Lack of a common debt measure between the East African Community (EAC) states is one of the major failing and realisation of a monetary union.

Lack of a common debt measure between the East African Community (EAC) states is one of the major failing and realisation of a monetary union.

"We are negotiating to see what level of the public debt can be accepted across the board and ia acceptable to all member states," said Uganda's chief negotiator Dr. Adam Mugume.

Full stori in epaper

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