Finance Minister Meets UNDP Resident Representative

Finance Minister Henry Musasizi together with Minister of State for Privatization and Investment Aminah Mukalazi met the United Nations Development Praogramme, Nwanne Vwede-Obahor at the Finance Ministry.

The discussions focused on strengthening partnership between UNDP and Uganda especially in the area of Government Development Financing where Government drives its own development agenda.

The UNDP Resident Representative who was accompanied by the Deputy Resident Representative Ian King and Senior Economic Advisor Thangavel Palanivel and other officials congratulated the Finance Minister upon his appointment and pledged commitment to the partnership with Government of Uganda in strengthening implementation and coordination of development interventions.

The Finance Minister welcomed the UNDP Resident Representative and alignment of UNDP and other Partners with the NDP IV and the Tenfold Growth Strategy.

He said Government is focused on achieving the USD 500 billion economy by 2040, adding that what Uganda requires is not Aid but strong trade partners.

Musasizi said Government is committed to becoming self-sustaining by raising its revenue to GDP ratio from 14% to 20% in line with the second domestic revenue mobilization strategy (DRMS).

“Support us by talking to those who have cheap development financing to invest in Uganda. We are politically stable with the best investment incentives. We are also the best tourist destination,” said Musasizi.

The Minister of State for Privatization and Investment also thanked UNDP for supporting Uganda and the shift to supporting the private sector and job creation.