Central Bank to address inequality, accountability at public lecture
Posted Monday, August 11 2014 at 01:00
Statistics. 20 to 36 per cent of Uganda’s population lives in abject poverty.
As lack of accountability and transparency, and inequitable distribution of resources continue to cripple Uganda’s finance management, a public lecture has been organised with the view of enlightening people on the issue.
A public lecture that seeks to solve these challenges will be held at the Kampala Serena Hotel tomorrow.
Dubbed “Creating a Vibrant and Fair Society: Issues of Accountability and Transparency”, the lecture will be presented by former World Bank managing director and South Africa political activist, Dr Mamphela Aletta Ramphele, during the 22nd Joseph Mubiru Memorial Lecture.
The late Joseph Mubiru was the first governor Bank of Uganda, and for the last 21 years Bank of Uganda has held an annual memorial in his honour to spur public knowledge policy formulation and economic policy development.
Despite many institutions being in place to check public service and administration in Uganda, the government’s position on accountability and transparency remains questionable by the local and the international standards.
As the issues remain debatable in the public eye, this lecture is expected to draw public reactions regarding the accountability and the transparency levels required for Uganda’s economy to flourish.
Dr Robin Kibuka, a former advisor at the International Monetary Fund and currently board chairman Standard Chartered Bank Uganda, will be among the discussants of the lecture which will be led by the Finance minister Maria Kiwanuka.
“This public lecture should enrich our body of knowledge and encourage us to relentlessly pursue the country’s agenda of all inclusive and equitable growth and development,” said the Governor Bank of Uganda, Mr Emmanuel Tumusime-Mutebile.