Earlier this year the 10th EAC meeting of the Monetary Affairs Committee (MAC) approved a Financial Markets Development framework which includes involving stakeholders in the development of a 5-year Financial Markets Development Plan in all the entire member states of the East African Community. The harmonized regional plans are intended to form a common platform for integration of the East African Financial Markets.
*  *  *  I have been given the privilege by DIIS to open this conference, and I would like to welcome You all to the conference of “Central Banking at a Crossroads: Europe and beyond”. A special welcome to our foreign guests. *** Central banking has undergone major changes over the last half decade.