Experts Struggling With Questions On How To Stimulate Uganda's Economic Growth

There is no doubt about the continued search for answers on how Uganda’s growth can be reawakened and this time around the International Monetary Fund has joined the search for answers given that the old rose economic story is no more. “Really there is a lot of dialogue my team and myself have been having in my brief visit here on what is the requirement to going forward to get the growth in Uganda back up to 60% while maintaining a healthy macro environment. I think more efforts are definitely needed in there, it's just about having a smarter government, having more effective governments, entities or agencies to deliver on that potential." Said, Abebe Selassie – IMF Director for Africa.

At this point, it’s not clear if Uganda will continue with its program with the International Monetary Fund could the policy support instrument involved critiquing of Uganda’s Macro Economic Policies. “If IMF has been supporting Uganda’s economic policies, reforms, and macro programs for quite a long while on a sustained basis, we are at a point now where the government is developing and working on its new programs and if it asks us for support we will be very happy to support the program as in the past.” Said, Abebe Selassie – IMF Director for Africa. And now the persistent problems of the public investments and the danger it possesses for Uganda’s debt. “No, the key is really how to strike the right balance. Uganda has a lot of infrastructural development needs, a lot of spending needs in health, education and other social development priority areas. So, we are strong on the view that those need to be addressed but you want to try and do this without going too much into debt without having a much unsustainable increase in debts.” Said, Abebe Selassie – IMF Director for Africa.