2 See Jazbec, Boštjan and Biswajit Banerjee (2017): “Rethinking Monetary-Fiscal Policy Coordination”, Proceedings of a Seminar Jointly Organised by the Bank of Slovenia and the International Monetary Fund. 1  While the above arguments apply fundamentally to advanced economies, clearly, the importance of an adequate coordination of macroeconomic policies is nowadays more pressing for emerging market economies (EMEs) as well.
The original three East African countries have completed situational analysis for their financial markets in line with agreed parameters and have identified issues to be addressed in the various fields such as banking and capital markets reforms, the pension sector reforms, strategies for financial markets development in the areas of rural finance, leasing and additional financial products which should facilitate improved access to finance.