Don’t fast-track East African Community integration, says IMF

The International Monetary Fund fears that the integration of East African economies may have been built on quicksand and has called for a pause to lay a stronger foundation for its stability.

IMF managing director Christine Lagarde said fissures in the bloc over Economic Partnership Agreement, the single tourist visa, non-tariff barriers on movement of people, goods and capital were signs that the building blocks were not firmly in place.