Poverty Reduction in Uganda
Name: Nguyen, Thi Hai Yen
Student ID: 2012470037
Subject: Special topic in international development: African economics and politic
Topic: Uganda – The bright in poverty reduction for other Sub – Saharan African countries
Uganda is a landlocked and relative small country in East Africa. After independence in 1962, Uganda experienced a decade of relative political and economic stability before 15 years struggling under the power of Idi Amin who lead the country to conflict and reduced country to a failed state and a collapsed economy. It stopped by 1986, when Yoweri Museveni took power brought a period of sustained economic and political renewal to Uganda. Uganda is a relative rich of natural resources including fertile soils, regular rainfall, small deposits of copper, gold, and other minerals, and recently discovered oil. Just like other African countries, export of Uganda heavily depends on coffee with 63 per cent of total export revenues of the country.
Uganda has been a bright point in Sub – Saharan Africa by being the first country in the region to embark on liberalization and pro-market policies in the late 1980s. Thanks to the right policies, the government has maintained a stable macroeconomic environment and sustained private sector-oriented reforms that graduated Uganda into a mature reformer in 2006. GDP growth accelerated from an average of 6.5 per cent per year in the 1990s to over 7 per cent during the 2000s.
Together with the sustained economic growth in the past two decade, Uganda enabled substantial poverty reduction and some progress towards Millennium Development Goals (MDG). Although other MDGs such as achieving universal primary education, reducing child mortality rates, improving maternal health, combating HIV/AIDS, malaria, and other diseases have been slow, the first goal of poverty reduction has been achieved successfully in Uganda. In 2009/2010, Uganda surpassed the 2015 MDG of halving the 56.4 per cent poverty rate
Student ID: 2012470037
Subject: Special topic in international development: African economics and politic
Topic: Uganda – The bright in poverty reduction for other Sub – Saharan African countries
Uganda is a landlocked and relative small country in East Africa. After independence in 1962, Uganda experienced a decade of relative political and economic stability before 15 years struggling under the power of Idi Amin who lead the country to conflict and reduced country to a failed state and a collapsed economy. It stopped by 1986, when Yoweri Museveni took power brought a period of sustained economic and political renewal to Uganda. Uganda is a relative rich of natural resources including fertile soils, regular rainfall, small deposits of copper, gold, and other minerals, and recently discovered oil. Just like other African countries, export of Uganda heavily depends on coffee with 63 per cent of total export revenues of the country.
Uganda has been a bright point in Sub – Saharan Africa by being the first country in the region to embark on liberalization and pro-market policies in the late 1980s. Thanks to the right policies, the government has maintained a stable macroeconomic environment and sustained private sector-oriented reforms that graduated Uganda into a mature reformer in 2006. GDP growth accelerated from an average of 6.5 per cent per year in the 1990s to over 7 per cent during the 2000s.
Together with the sustained economic growth in the past two decade, Uganda enabled substantial poverty reduction and some progress towards Millennium Development Goals (MDG). Although other MDGs such as achieving universal primary education, reducing child mortality rates, improving maternal health, combating HIV/AIDS, malaria, and other diseases have been slow, the first goal of poverty reduction has been achieved successfully in Uganda. In 2009/2010, Uganda surpassed the 2015 MDG of halving the 56.4 per cent poverty rate
References: CIA World Fact book (2011), Uganda, https://www.cia.gov/library/publications/the-world-factbook/geos/ug.html, accessed on 7th October. International Monetary Fund (2005), “Uganda- Poverty reduction strategy paper”, IMF country paper No 05/307. International Monetary Fund (2010), “Uganda- Poverty reduction strategy paper”, IMF country paper No 10/41. Government of the Republic of Uganda, “Plan for modernization of agriculture: eradicating poverty in Uganda”. Jeffrey Henderson, David Hulme, Richard Phillips, and Eun Mee Kim (2002), “Economic governance and poverty reduction in South Korea”. John Mackinnon, Ritva Reinikka (2000), “Lessons from Uganda on strategies to fight poverty”. Ministry of Finance, Planning and Economic Development (2012), Ugandan government, “Poverty status report”. [ 2 ]. Ministry of Finance, Planning and Economic Development (2012), Ugandan government, “Poverty status report”. [ 6 ]. Uganda: Poverty reduction strategies paper, IMF country paper (2005). [ 7 ]. John Mackinnon, Ritva Reinikka (2000), “Lessons from Uganda on strategies to fight poverty”. [ 8 ]. Ministry of Foreign Affairs of Denmark (2005). [ 10 ]. Uganda: Poverty reduction strategies paper, IMF country paper No 10/41 (2010). [ 11 ]. Jeffrey Henderson, David Hulme, Richard Phillips, and Eun Mee Kim (2002), “Economic governance and poverty reduction in South Korea”.