The Prime Minister Dr Ruhakana Rugunda has urged policy makers to rethink what needs to change for Africa to realize deeper integration in the African Continent.
Rugunda said regional integration in trade and services, in infrastructure and finance and in labor markets is critical for Africa’s transformation.
The Premier made the remarks while opening the 20th African Economic Research Consortium Senior policy seminar at Lake Victoria Serena Hotel on Monday.
African Economic Research Consortium established in 1988 is one of the robust Research and capacity building institutions with a focus on sub-Saharan Africa.
Its mission is to strengthen local capacity for conducting independent and rigorous inquiry into the problems facing the management of economies in sub-Saharan Africa.
The two-day Senior policy seminar was convened in partnership with the Bank of Uganda under the theme: Rethinking Regional integration in Africa.
“Regional integration is central to the recently launched African Union Agenda 2063 which is consistent with the United Nations ‘sustainable development goals(SDGs),” Rugunda said adding that informed policy making is critical for sustainable African development.
He said Africa’s destiny should be shaped by Africans themselves. Dr Rugunda thanked the African Economic Research Consortium for the opportunity to rethink the future of Africa.
Some of the key topics for discussion at the seminar included: The Political economy of regional industrialization policies, The fiscal foundations of deeper regional integration and infrastructure as a catalyst for trade, innovation and growth in sub-Saharan Africa.
The Seminar was also addressed by Prof.Lemma Senbet, Executive Director African Economic Research Consortium and the Governor Bank of Uganda, Prof. Emmanuel Tumusiime Mutebile who said such seminars have helped to strengthen the capacity of undertaking policy and relevant research into the problems facing the management of economies of Africa.
Participants of the seminar included Ministers, Governors of Central Banks, Members of Parliament and heads of Universities and research Institutions.
March 15, 2018