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in 1967, it was disbanded in 1977 established - January 2001 aim - to establish a political and economic union among the countries members - (5) Burundi, Kenya, Rwanda, Tanzania, Uganda East African Development Bank (EADB): established - 6 June 1967; effective - 1 December 1967 aim - to promote economic development members - (4) Kenya, Rwanda, Tanzania, Uganda East Asia Summit (EAS): established - 14 December 2005 aim - to promote cooperation in political and security issues; to promote development, financial stability, energy security, economic integration and growth; to eradicate poverty and narrow the development gap in East Asia, and to promote deeper cultural understanding members - (16) Australia, Brunei, Burma, Cambodia, China, India, Indonesia, Japan, South Korea, Laos, Malaysia, NZ, Philippines, Singapore, Thailand, Vietnam Economic and Monetary Community of Central Africa (CEMAC): note - was formerly the Central African Customs and Economic Union (UDEAC) established - 8 December 1964; effective - 1 January 1966 aim - to promote the establishment of a Central African Common Market members - (6) Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, Gabon Economic and Monetary Union (EMU): note - an integral part of the European Union; also known as the European Economic and Monetary Union established - 1-2 December 1969 (proposed at summit conference of heads of government; 7 February 1992 (Maastricht Treaty signed) aim - to promote a single market by creating a single currency, the euro; timetable - 2 May 1998: European exchange rates fixed for 1 January 1999; 1 January 1999: all banks and stock exchanges begin using euros; 1 January 2002: the euro goes into circulation; 1 July 2002 local currencies no longer accepted members - (15) Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovenia, Spain Economic and Social Council (ECOSOC): established - 26 June 1945; effective - 24 October 1945 aim - to coordinate the economic and social work of the UN; includes five regional commissions (Economic Commission for Africa, Economic Commission for Europe, Economic Commission for Latin America and the Caribbean, Economic and Social Commission for Asia and the Pacific, Economic and Social Commission for Western Asia) and nine functional commissions (Commission for Social Develo
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