EAC Financial Sector Development and Regionalization Project I: AF

The development objective of the First Financial Sector Development and Regionalization Project for East African Community (EAC) is to establish the foundation for financial sector integration among EAC Partner States. The proposed Additional Financing (AF) seeks 10.5 million US dollars over a three year implementation period, so that the project will have had a cumulative life of 8 years and 8 months when it closes on September 30, 2019. In addition, this Project Paper includes a restructuring to (i) revise the results framework; (ii) revise disbursement estimates; and (iii) carry out changes to components and costs.