Uganda

The Ugandan economy underwent major structural change over the past two decades. Growth of income per capita began to accelerate in the late 1980s and has since outpaced that of most countries in Africa. Uganda’s post-war macroeconomic reform programme exceeded all expectations in supporting economic growth and poverty reduction, as compared with other post-conflict recoveries. These reforms have reduced barriers to trade and liberalised prices and markets previously subject to state control. Improved management of monetary and fiscal policy helped achieve macroeconomic stability and paved the way for debt relief under the Heavily Indebted Poor Country (HIPC) initiative.

Related Subject(s): Economic and Social Development

Countries: Uganda