This growth has been registered gradually and progressively in the last few years with figures standing at Shs388.5 billion during the same period in March 2020
Today the world and Uganda are experiencing unprecedented times as we grapple with the impact of Covid-19, climate change, and the recent high fuel and food prices.
Prior to the pandemic, the world had made progress in reducing poverty, but vulnerability and informality remain stubbornly high. In the decade (2007-2017) prior to the pandemic, the proportion of people in poverty across the world fell from 39.5% to 24.3%. Although poverty has fallen, there is a rapidly growing “vulnerable” class consisting of those who are not poor but have not achieved the comforts afforded by the middle class.
Today the world and Uganda are experiencing unprecedented times as we grapple with the impact of Covid-19, climate change, and the recent high fuel and food prices.
Prior to the pandemic, the world had made progress in reducing poverty, but vulnerability and informality remain stubbornly high. In the decade (2007-2017) prior to the pandemic, the proportion of people in poverty across the world fell from 39.5% to 24.3%. Although poverty has fallen, there is a rapidly growing “vulnerable” class consisting of those who are not poor but have not achieved the comforts afforded by the middle class.
The Central Bank of Uganda will soon issue guidelines for green financing to support Small and Medium Enterprises (SMEs) as the country strives to achieve sustainable development.
Mr Hannington.