01867cas a2200241 a 4500 AALejournalIMF012768 230101c9999 xx r poo 0 0eng d 20.00 USD 9781462366682 2616-5333 BD-DhAAL BD-DhAAL International Monetary Fund. Foreign Exchange Reserve Adequacy in East African Community Countries. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (34 pages) Departmental Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The concomitant external shocks experienced in 2008-09 by the East African Community (EAC) countries of Kenya, Rwanda, Tanzania, and Uganda and stepped-up support by the IMF-including the SDR allocation-and other donors, are likely to arouse renewed interest in the question of the adequate level of international reserves. This paper discusses the evolution of reserve holdings in EAC countries and uses several tools for assessing reserve adequacy in the region. The analysis suggests that reserve levels in most cases seem to include safety buffers, and thus, do not require immediate action. However, the situation could become tighter if export recovery is delayed or export prices do not pick up. Over the medium term, the desirable reserve path should also be adapted to regional and international integration. Mode of access: Internet Departmental Papers; Departmental Paper ; No. 2009/008 Full text available on IMF http://elibrary.imf.org/view/journals/087/2009/008/087.2009.issue-008-en.xml IMF e-Library