IMF: East African countries have divergent financial barriers
An IMF paper published on 1 August finds that Burundi and Rwanda are financially less open than fellow East African Community members Kenya, Uganda, and Tanzania which have lower financial barriers.
Yi Wang, the paper's author, uses data from the forward foreign exchange and interbank funding markets of each of the five countries to quantify existing financial barriers.
The results suggest that Kenya is the East African Community's most financially open country, followed by Uganda, and Tanzania
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