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Uganda hailed on infrastructure development

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Uganda hailed on infrastructure development

President Yoweri Museveni meeting with the IMF

President Yoweri Museveni meeting with the IMF delegation

President Yoweri Museveni has said that government has embarked on a rigorous campaign to convert the population from a non monetary to monetary economy through modern agro production in a country where majority are still practicing subsistence farming.

President Yoweri Museveni received and held discussion with IMF Director of the African Department Antoinette Sayeh International Monetary Fund Director African Department Ms. Antoinette M.Sayeh who called on him at State House Entebbe.

During the meeting, President Museveni and IMF delegation discussed key issues of interest especially in the area of economic and financial policies as well as the welfare of Ugandan and economic growth in the entire region.

The President and his guests also discussed Uganda’s investment prospects and inflation among others.

In its report on Uganda: Recent development’s and prospects, the IMF says Uganda is relatively high on growth, low on inflation, adequate internal reserves, sustainable external debt and sound financial systems.

Ms. Antoinette commended President Museveni and the NRM government on infrastructure development, Regional Integration and Common Markets as well as efforts to contain inflation amidst challenges of high exchange rates and fluctuating  prices.

The meeting was attended by the Minister of Finance Hon. Matia Kasaija, that of Foreign Affairs Hon. Sam Kutesa and the Governor Bank of Uganda Emmanuel Mutebile.

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