As the honorable members are aware, the EAC Common Market Protocol has provisions that will guide elimination of capital restrictions that continue to impede free flow of capital among the EAC Countries. The cardinal principal of free movement of capital ties with the next level of integration that is the East African Monetary Union.
It is always a treat to be here in more ways than one: to partake of the rich feast of insightful and interesting papers, illuminating commentaries and discussions, accompanied by the warm hospitality of the Kansas City Fed in this incomparable setting in the shadow of the majestic Tetons.