6th EAC Development Strategy 2021/22 - 2025/26

Abstract

The Treaty for the establishment of the East African Com- munity and EAC Vision 2050 remain the anchor document for programming EAC strategic interventions aimed at sustainable growth and development. The 6th EAC Development Strategy has been formulated against the back- drop of a devastating corona virus pandemic (COVID-19) which has resulted in national, regional, and global lock downs in air space, sea, and land access for trade. The pandemic may also inhibit investment in the immediate future. In this regard, the 6th EAC Development Strategy explores alternative new approaches in doing business at the regional and global levels including building local manufacturing capacities where potential exists to reduce on logistics challenges, occasioned in part by COVID-19. The approach to be adopted at regional level includes re- orienting the economies back to their long-term growth path by adopting measures:

a. To mitigate the short-term and medium-term (2-3 years) negative impacts of the pandemic on vital economic and social sectors of the EAC region;

b. Support strengthening of the fundamentals for robust recovery and sustainable further growth of trade and investment flows; and

c. Facilitate harmonized implementation of priority activities aimed at promoting economic recovery and ensuring the future prosperity of the EAC region.