PM Rugunda in a group photo with some of the governmemt officials, Donors and Development partners who attended the 7th National Competitiveness Forum on Thursday at Kampala Serena Hotel (Photo by PMPU)
The Prime Minister Dr Ruhakana Rugunda has called for greater coordination and collaboration across Government Ministries and Departments to accelerate inclusive development.
Dr Rugunda said many government processes are delayed by debates around institutional mandates and personal egos, hindering service delivery.
The Prime Minister made these remarks during the 7th National Competitiveness forum that was organized under the theme “Navigating the Tides of Economic Transformation for Industrialization, Value Addition and Export Growth” on Thursday at Kampala Serena Hotel.
The Prime Minister Dr Rugunda noted that the forum was timely and connected well with the NDPII and the NRM Manifesto (2016-2021) which aims at driving the country to modernity through job creation and inclusive development.
He added that the forum was aligned with the priorities and budget allocations of FY 2017/2018 which focus on ‘Industrialization for job creation and shared prosperity’
“As a country, transformation of the economy is critical to industrialization leading to value addition and ultimate growth of exports. This will have a positive impact on job creation, improved export margins and a favorable balance of trade (BOT) for country,” the Premier said.
The Premier also called for competitiveness to enhance productivity and efficiency noting that it boosts wage levels and product prices, which in return generate improved income levels for the country and prosperity of its citizens.
He advised on ways of improving competiveness which include; mindset change to enhance productivity and efficiency, greater institutional coordination and collaboration to optimize resource use and leveraging available ICT to implement online processes across all sector institutions to enhance efficiency.
The Permanent Secretary of ICT, Mr. Bagiire Vincent Waiswa, who represented the Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija, said Uganda has enjoyed a stable macro-economic environment characterized by low inflation averaging at 6% for the last financial year, foreign exchange reserves of at least 4 months import cover and growth rate of about 7% over the last decade.
The Ag. Director Economic Affairs of Ministry of Finance, Planning and Economic Development, Moses Kaggwa noted that the forum will help identify achievements made, and define the way forward for achieving a middle income status economy.
BY DOREEN NASASIRA