Economy
Given that Uganda is such a fertile country, about 80% of the workforce lies in the agricultural sector, with coffee accounting for the bulk of export revenues. Many people also make money by selling produce, small animals and textiles. Hover over the photos below for more information.
Since 1986, progress has been made with respect to privatization, decentralization and liberalization, which has enabled the private sector and civil society to grow. The government, with support from foreign countries and international agencies, has made an effort to restructure and stabilize the economy by undertaking currency reform, raising producer prices on export crops, increasing prices of petroleum products, and improving civil service wages. The policy changes specifically focus on decreasing inflation and increasing production and export earnings. Starting in 1990, these economic reforms have ushered in an era of solid economic growth based on continued investment in infrastructure, improved incentives for production and exports, lower inflation, better domestic security, and the return of exiled Indian-Ugandan entrepreneurs.
Regardless of these significant economic advancements, Uganda remains a developing country which relies heavily on foreign aid. In fact, about 50% of the national budget comes from international aid and there is a large presence of foreign development and aid organizations within the country. Corruption and inadequate transportation infrastructure continue to inhibit economic development and investor confidence in Uganda.
View the slideshow below to see how the UN is involved in Western Uganda. All pictures are taken from Ruhira Village, a UN Millennium Villages Project.
Regardless of these significant economic advancements, Uganda remains a developing country which relies heavily on foreign aid. In fact, about 50% of the national budget comes from international aid and there is a large presence of foreign development and aid organizations within the country. Corruption and inadequate transportation infrastructure continue to inhibit economic development and investor confidence in Uganda.
View the slideshow below to see how the UN is involved in Western Uganda. All pictures are taken from Ruhira Village, a UN Millennium Villages Project.