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 is still practicing substance farming.
President Yoweri Museveni made the remarks while holding discussions with the International Monetary Fund (IMF) Director African Department Ms. Antoinette M Sayeh, who led a team that 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 Uganda 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, 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 Sayeh 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 Matia Kasaija, Foreign Affairs Sam Kutesa and the Governor Bank of Uganda, Prof Emmanuel Tumusiime Mutebile.