EAC Treaty and EAMU Protocol

E537391

East African Community legal instruments monetary union legal framework regional economic integration legal framework

The EAC Treaty and EAMU Protocol form the core legal instruments establishing and governing the East African Community’s process toward a single regional currency and deeper economic integration.

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Observed surface forms (1)

Surface form	Occurrences
EAC Treaty	3

Statements (46)

Predicate	Object
instanceOf	East African Community legal instruments ⓘ monetary union legal framework ⓘ regional economic integration legal framework ⓘ
adoptedBy	East African Community Partner States NERFINISHED ⓘ
aimsTo	enhance macroeconomic stability in the East African Community ⓘ facilitate free movement of goods, persons, services and capital in the EAC ⓘ reduce transaction costs associated with multiple currencies in the EAC ⓘ strengthen regional economic policy coordination in East Africa ⓘ
alignedWith	EAC Vision of political federation NERFINISHED ⓘ
appliesTo	East African Community Partner States NERFINISHED ⓘ
basedOnPrinciple	gradual and sequential economic integration ⓘ sovereign commitment of Partner States to pool aspects of monetary sovereignty ⓘ
bindingOn	EAC Partner States that have ratified the instruments ⓘ
contributesTo	increased intra-EAC trade and investment ⓘ integration of East African economies into the global economy ⓘ regional economic stability in East Africa ⓘ
definesInstitutionalFrameworkFor	East African Community monetary institutions NERFINISHED ⓘ future East African Community central monetary authority ⓘ
governsProcess	coordination of economic and financial policies among EAC Partner States ⓘ phased implementation of the East African Monetary Union ⓘ transition toward a single East African Community currency ⓘ
hasComponent	Protocol on the Establishment of the East African Monetary Union NERFINISHED ⓘ Treaty for the Establishment of the East African Community NERFINISHED ⓘ
hasPurpose	establish a single regional currency in the East African Community ⓘ promote deeper economic integration in the East African Community ⓘ
implementedThrough	EAC organs and institutions ⓘ
influencedBy	experiences of other regional monetary unions ⓘ
legalBasisFor	East African Community monetary integration ⓘ East African Community single currency project NERFINISHED ⓘ establishment of East African Community common market and monetary union ⓘ harmonisation of monetary and exchange rate policies in the EAC ⓘ macroeconomic convergence criteria in the EAC ⓘ
operatesWithin	framework of international economic law ⓘ
partOf	East African Community legal regime NERFINISHED ⓘ
providesFor	coordination of financial sector regulation in the EAC ⓘ development of regional payment and settlement systems ⓘ establishment of surveillance and enforcement mechanisms for macroeconomic convergence ⓘ negotiation of timelines for the introduction of a single regional currency ⓘ
recognises	importance of safeguarding financial stability during transition to a single currency ⓘ need for capacity building of national institutions for monetary integration ⓘ
requires	adherence to agreed macroeconomic convergence criteria ⓘ harmonisation of fiscal policies among EAC Partner States ⓘ harmonisation of monetary and exchange rate policies among EAC Partner States ⓘ
subjectTo	ratification by EAC Partner States ⓘ
supportsObjectiveOf	creation of a single East African market ⓘ promotion of balanced and sustainable economic development in the EAC ⓘ

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

East African Monetary Union → legalFramework → EAC Treaty and EAMU Protocol ⓘ

Treaty for the Establishment of the East African Community → shortName → EAC Treaty and EAMU Protocol ⓘ

this entity surface form: EAC Treaty

Treaty for the Establishment of the East African Community signed in 1999 → shortName → EAC Treaty and EAMU Protocol ⓘ

subject surface form: Treaty for the Establishment of the East African Community (1999)

this entity surface form: EAC Treaty

Customs Union Protocol of the East African Community → linkedTo → EAC Treaty and EAMU Protocol ⓘ

this entity surface form: EAC Treaty