Uganda is set to see an acceleration in the economy following robust government recovery programs that have been rolled out. This was revealed at the Uganda Economic Forum 2022 (UEF) that took place in September 2022 in Kampala with the theme, Building a Self-Sustaining Economy to Weather Future Shocks.
The forum provided an opportunity for stakeholders to discuss key growth challenges, learn from policy experiences in other countries, and identify a course of actions to drive accelerated and inclusive growth in Uganda.
Welcoming participants to the forum, Finance Minister Hon. Matia Kasaija noted: “The UEF continues to be the hub for generating ideas on accelerating Uganda’s economic transformation through rapid, sustainable long-run economic growth. I am confident that the impressive line-up of presenters and panelists as well as diverse audiences attending physically and virtually, will provide actionable proposals on moving this economy forward.”
He continued: “Despite the challenges brought by the Covid-19 pandemic, Uganda has continued to experience progress recovery which was supported by a careful phased opening of the economy. In the financial year 2022/23, the economy is expected to expand supported by government interventions such as the provision of affordable credit to private sector. In the medium term, we expect the Parish Development Model (PDM) to have significant effect on the growth of the economy. The PDM is a multi-sectoral strategic intervention to create social-economic transformation by moving 39% of Ugandan households from subsistence existence to the money economy. It is expected to boost food production, contribute to value addition and marketing. Growth in the medium term will also be spurred by investment in oil and gas sector and government investment in energy and transport. I am glad that these issues are going to be exhaustively discussed in this forum and I look forward to the recommendations on how we can foster economic growth.” The Ministry of Finance, Planning & Economic Development, in partnership with IGC Uganda, has organised the Economic Growth Forum, a high-level conference on Uganda’s economy held regularly since 2017.