And there are more hills on the horizon. But central banks should beware of overburdening.19 We are not superheroes. Indeed, our powers are limited. Neither can we compensate the adverse effects of demographic changes nor can we hasten the invention and adaption of new technologies. We cannot lift long-term growth. And we cannot erase inequality.
I wish to stress that to enable adoption of these new reforms as well as a smooth transition to a monetary union and advancement of data harmonization efforts in the East African Community; it is of paramount importance that financial institutions, among other data providers, submit timely and accurate statistics, based on international best practice.