EAC Strengthens Fiscal and Monetary Policy Coordination Towards the Monetary Union

East African Community Headquarters, Arusha, Tanzania, 25th September, 2026: The East African Community (EAC) is reviewing measures to strengthen the management of public finances and coordination of monetary policy as Partner States prepare for the East African Monetary Union (EAMU). The discussions focus on improving budget credibility, aligning tax policies and establishing practical arrangements for joint economic assessment and accountability. The meetings, taking place in Arusha, United Republic of Tanzania, from 21st to 25th September 2026, began with separate sessions of the Committee on Fiscal Affairs (CFA) and the Economic Affairs and Coordination Subcommittee of the Monetary Affairs Committee (MAC) on 21st and 22nd September. The two committees then convened a Joint Session from 23rd to 25th September to address matters requiring coordinated action by fiscal authorities and central banks.