The Lake Region Economic Bloc CEO, Abala M Wanga on Tuesday held a joint meeting with Prof. Adams Oloo and at team of experts from the Lake Region Economic Bloc on the establishment of the Lake Region Economic Council ( LREC ).
LREC which is established under Article 26 of the Lake Region Economic Bloc agreement functions entails,
creating forums for government, businesses, academia, labor, unions to discuss policy issues;
b) to gather, analyze and compile information on key economic development trends and policy alternatives.
c) to develop and recommend to the summit strategic policy interventions to promote social equity, economic growth, employment creation and reduction of poverty and inequality;
d) to appraise government policies for their effectiveness in achieving economic and social transformation; and
e) to mobilize knowledge and technical resources from relevant knowledge networks, including research and education institutions.
The team will also aid in upgrading the LREB blueprint and be the custodian of the LREC document.
LREC will ensure that counties within the bloc incorporate 40% of what is entailed in the Lake Region Economic Bloc blueprint in their County Intergrated Development Plan ( CIDP).