East African countries work towards a single currency

4 Mar 2015

Listen /

IMF Headquarters in Washington, DC. Photo: IMF/Henrik Gschwindt de Gyor

Efforts are under way in East Africa to consolidate regional economic integration that will culminate to a single currency by 2024.
That’s according to the International Monetary Fund (IMF) which has published a book laying out all aspects of the financial integration process for Uganda, Kenya, Tanzania, Rwanda and Burundi.
Oral Williams, co-author of the book and Deputy Division Chief in the IMF’s African Department, explained the integration project to Bruce Edwards.
Duration: 4’58”