Abstract:
Uganda has experienced sustained growth over the last 15 years with GDP growth rates
averaging 6% per annum. Much of this growth is attributed to the presence of a good macro–economic
environment characterized by peace and security of person and property in most parts of the country,
improved infrastructure (road, power supply and telecommunication), liberalization of the internal and
external marketing of produce and the removal of restrictions on foreign exchange transactions.
Development partners have been supportive of Uganda’s development and currently contribute about
48% of the national budget or about 12% of the GDP. Foreign debt stands at about US$4bn.