Project Description
The program primarily works with the East African Community Secretariat
(EAC-S). It’s objective is to increase inter-and intra-regional trade and
investment in East Africa through investment climate reforms in support of
the East African Common Market. These efforts are expected to result in
significantly improved investment environments as measured by the
achievement of Investment Climate Reforms.
The program is expected to achieve its objectives through the following
activities:
1. Review and support the drafting of select EAC commercial laws to be
harmonized under the EAC Common Market Protocol.
2. Design and establishment of an EAC Common Market scorecard, which will
map and compare the implementation of EAC’s Common Market obligations
among member states.
3. Improve and reduce compliance costs of regional and national tax
procedures by harmonizing, streamlining and simplifying tax policy and tax
procedures. This will support the formalization of small and medium
enterprises and seeks to reduce the businesses tax administrative
compliance costs in the EAC region.
4. Improve transparency and access to businesses’ regulatory
transactions at the national and regional levels by establishing the
framework for an EAC-wide e-registry through country-level digitization,
improvement of back office workflows, on-line applications and related
updates.
5. Improve the capacity of the EAC Secretariat to develop, assess, and
monitor policy measures (laws, regulation, directives) aimed at
establishing the EAC’s Common Market.
6. Support peer-to-peer learning among EAC reformers through the Network
of Reformers’ initiative and the publication of four annual EAC Doing
Business reports.