African learning group on poverty reduction strategies: Uganda's experience with the PRSP process.
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2001-11Author(s)/Corporate Author (s)
Fantu Cheru;United Nations. Economic Commission for Africa;
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Uganda has been a leader in piloting socio-economic policies that have ensured commendable economic performance. Having stabilized the economy, the Government has in the past decade or so, focused its policies increasingly on growth and structural transformation of the economy. Among key policy reforms is the liberalization and
deregulation of the economy. Commodity markets were liberalized; tariffs on imports were streamlined, and all quantitative restrictions were removed. The capital account was opened up, and interest and exchange rates were decontrolled and are increasingly
market-determined. This, coupled with tight monetary and fiscal policies, has ensured low inflation, now in single digits. There has also been extensive reform of government through decentralization and streamlining and refocusing the public services. The combination of deep structural reform and strong political commitment by the
government to eradicate poverty has had a noticeable impact on the standard of livings of the majority of Ugandans.
Citation
“Fantu Cheru; United Nations. Economic Commission for Africa (2001-11). African learning group on poverty reduction strategies: Uganda's experience with the PRSP process.. Addis Ababa :. © UN. ECA,. https://hdl.handle.net/10855/17125”Collections
- Economic Development [8014]
- Social Development [6610]
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