EAC funding under threat as donors object to Nkurunziza’s third term
Saturday August 22 2015
The EAC faces a funding crisis that could see many of its projects stall as donors call for the isolation of Burundi. FILE PHOTO | TEA GRAPHIC | NATION MEDIA GROUP
Germany is the second largest contributor to the EAC operations budget after Norway.
The threat to withhold funding may derail regional integration, expose the bloc to a future funding crisis, and put several key infrastructure projects at risk.
Western development partners have already announced several measures against Burundi that would lead to the loss of hundreds of millions of dollars annually in aid, over President Pierre Nkurunziza’s controversial re-election.
The EAC cannot afford a freeze at this time when reduction in funding has led to a scaling down of some of its projects.
If the Burundi crisis threatens to drag down the whole region, especially with regards to the financing of important regional projects, The Treaty establishing the EAC provides for ways in which a state can have their membership withdrawn.
But if the other member states want to stand with Burundi, there are viable options.