IMF Boss Hails Uganda on Infrastructure Development, Containing Inflation

President Museveni receives International Monetary Fund Director African Department Ms. Antoinette M. Sayeh at State House

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 made the remarks while receiving the International Monetary Fund Director African Department Ms. Antoinette M.Sayeh who called on him this afternoon at State House Entebbe.

During the meeting, click the President and the 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 guest also discussed Uganda’s investment prospects and inflation among others.

In its report on Uganda; Recent development’s and prospects, physician on Uganda’s Economic buffers, 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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