The Monitor (Kampala)
Martin Luther Oketch
4 November 2009
The International Monetary Fund (IMF) has advised the government to carry out structural reforms in fiscal policy and financial sector to drive forward economic growth and development.
Many developing countries like Uganda continue to suffer from inefficient and regressive revenue systems, inappropriate allocation of resources, and weak delivery of vital public services.
According to the IMF Division Chief African Department Ms Martine Guerguil the new economic policies should aim at strengthening the absorptive capacity of the government in various investments it is undertaking in driving economic growth foreword, as well as changing the livelihood of local Ugandans.
"The Mission supports the emphasis in the July 2009-June 2010 fiscal year budget on infrastructure investment to promote future growth, while consolidating and expanding the gains of poverty reduction efforts of recent years," said Ms Martine Guerguil, who recently concluded an economic fact-finding mission in the country during a news conference in Kampala recently.
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