Partnership Fund
The EAC Partnership Fund is a basket fund mechanism with annual contributions from Development Partners aimed at supporting the EAC projects and programmes that are geared towards regional integration.
The Fund was established on 15 September 2006 and is open to Development Partners who finance it through Contribution Agreements and Memoranda of Understanding (MoUs) signed between them and the EAC.
Current Members of the Partnership Fund include Belgium, Canada, Denmark, Finland, France, Germany, Japan, Norway, Sweden, United Kingdom and the European Union. In addition the Fund has one non-contributing member, World Bank and four (4) observers: Australia, Italy, Switzerland and Turkey.
The objectives of the Fund:
- Promoting implementation of the Treaty with a view to enhance regional integration and socio-economic development of the EAC through funding of activities for EAC’s development;
- Facilitating planning and accounting of Development Partners’ funds by disbursing into a common basket fund;
- Encouraging Development Partners and EAC to jointly contribute to the Fund to ensure availability of funds for activities
Disbursements
The following are the disbursements of funds into the Fund to date:
| Financial Year | Budget | Disbursement |
| FY 2006/2007 | USD 1.74 Million | USD 645,000 |
| FY 2007/2008 | USD 3.6 Million | USD 1.9 Million |
| FY 2008/2009 | USD 7.7 Million | USD 6.1 Million |
| FY 2009/2010 | USD 8.8 Million | USD 6.2 Million |
| FY 2010/2011 | USD 8.1 Million | USD 8.0 Million |
| FY 2011/2012 | USD 6.1 Million | USD 5.1 Million |
| FY 2012/2013 | USD 7.9 Million | USD 6.1 Million |
| FY 2013/2014 | USD 7.9 Million | USD 5.7 Million |
| FY 2014/2015 | USD 11.5 Million | USD 6.9 Million |
Priority intervention areas for FY 2015/16:
- Support to the Operationalization of the Single Customs Territory;
- Support to the Implementation of the East African Monetary Union Protocol;
- Support to Implementation of the Common Market Protocol;
- Institutional Strengthening of the EAC;
- Support to Sensitization and Awareness Programme;
Since its inception in 2006, members of the EAC Partnership Fund have disbursed a total of USD 48 Million (FY 2006/06 - 2014/15) in support of EAC Projects and Programmes.