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{
    "id": 496555,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/496555/?format=api",
    "text_counter": 62,
    "type": "speech",
    "speaker_name": "Hon. Ochieng",
    "speaker_title": "",
    "speaker": {
        "id": 2955,
        "legal_name": "David Ouma Ochieng'",
        "slug": "david-ouma-ochieng"
    },
    "content": "Thank you, hon. Speaker. I also rise to support this very important Motion and the Report as presented by my Chair. This is once again a milestone in the development of the East African Community ( EAC) as an institution. The world is moving towards converging economies to ensure that markets are able to function without small aberrations like foreign exchange and things that could be handled easily by the partner States if they come together and agree. As I support this Report, I want to request Members that wherever they come from in this country, what we need to do to make the East Africa Community work, is that Members should take this particular initiative just as they take other duties they carry out as Members of Parliament by ensuring their constituents know about the EAC, the benefits thereof and what it portends for them. As I speak, you may be aware that two months ago there was a very divisive referendum somewhere in Europe, where the Scotts were seeking to move away. One of the appeals that were being made by the British was that they were better together – they were better off united. In the whole framework, Great Britain, or the UK, has never joined the European Monetary Union for very serious reasons. As we ratify this Protocol, it is important for Kenya to ensure that in the next 20 years, the country is prepared economically. We must ensure that we carry out the necessary institutional, fiscal and policy reforms that will make movement from the common market into the monetary union easy, seamless, and above all carry the public along. There is a fallacy that has been bandied around that Kenya is a strong economy and can absorb many shocks. Kenya, Uganda, Tanzania, Rwanda and Burundi are almost at the same level in terms of economic and fiscal development. Any hope that Kenya can absorb shocks like German did for Greece is misplaced. As a country, we must The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}