
Community's financial status worrying - Assembly states, calls on Council of Ministers to fasttrack remittances to remedy situation
East African Legislative Assembly; October 4th, 2019: Arusha, Tanzania: The East African Legislative Assembly once again wants the East African Community Council of Ministers to address the dire financial crisis, the regional bloc is in. Critical to the matter is the need for all Partner States to duly remit their financial obligations in a timely manner and fashion. Particularly, the Assembly has recommended that the Council of Ministers should consider invoking Article 143 or 146 to impose sanctions against Partner States that default on payment. Particularly, one Partner State, the Republic of South Sudan is been urged to comply by end of October 2019.
As the matter came under scrutiny, the House commended the Republic of Uganda for honouring its contribution for the Financial Year 2019/20 to the tune on 72% as at October 2nd 2019. EALA urged other Partner States to emulate the Republic of Uganda by complying with regulation 23(5) of EAC Financial Rules and Regulations. Consequently, EALA also wants the Alternative Financing Mechanism finalized and effected and a reconsideration and removal of the zero budget increase ceilings.