Uganda losing race to middle income status - World Bank

Uganda losing race to middle income status - World Bank

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Uganda losing race to middle income status - World Bank
Written by Alon Mwesigwa
Email
In a sobering assessment of Uganda's investment strategy, the World Bank says the government is simply throwing good money after bad, writes ALON MWESIGWA.
Uganda is not getting value for money on investments on most public projects over the past decade, the World Bank has said. It added that this will not transform the country into a middle income status soon.
In its economic update for 2016, the WB said Uganda’s projects were characterized by “endemic delays in implementation, cost overruns, and corruption means that sometimes projects come twice the original cost.”
Some of the projects are given as political gifts and no thorough assessment is done.
Christina Malmberg Calvo, the World Bank Uganda country manager, said: “Over the past decade, for every shilling invested in the development of Uganda’s infrastructure, less than a shilling (about 70 per cent of a shilling) of economic activity has bee...

Comments
2016-06-09 07:45:33

But was Uganda ever in that race? I think not.

2016-06-09 08:43:22

at this rate we need 100 years to get UG to middle income status.

Your Comment
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