On the saving side, a “global saving glut”, produced among other things by ageing populations, has bid up the price of safe assets at a time when the supply of those assets has been shrinking, thereby compressing real yields. Factors such as a decline in the relative price of capital goods have also led to a fall in desired investment.
This block is being dealt with by the High Level Task Force (HLTF). Distinguished delegates: The output from the first two blocks is meant to provide the technical input required to inform the HLTF, a body mandated to negotiate the EAMU protocol. The East African Monetary Union is currently being negotiated by the Partner States.