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 substance farming.
Museveni held discussion with International Monetary Fund-IMF Director of the African Department Antoinette Sayeh.
During the meeting, President Museveni and IMF delegation discussed key issues of interest especially in the area of economic and financial policies, the welfare of Ugandans and economic growth in the entire region, Uganda’s investment prospects and inflation among others.
In a report on Uganda presented to the president, the IMF says Uganda is relatively high on growth, low on inflation, has 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 Mutebire.