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The National Economic Empowerment Dialogue urges government to embrace domestic productivity.

14 August, 2023

The National Economic Empowerment Dialogue (NEED) has supported President Museveni’s decision that Uganda doesn’t need to rely on World Bank loans for development.

This is after the Bank announced its move to withdraw funding to key developmental projects in the country due to the Anti-Homosexuality Act, 2023 that was recently passed by Parliament.

Speaking to the media at the party’s head offices in Rubaga on Monday, the party’s national treasurer, Charles Bassajja noted that Uganda can sustain itself without the World Bank loans since their impact is hardly felt by the local people. He said if government tackles corruption and reduces its spending on luxuries, a lot of money can be saved to cater for national development.

Basajja added that Uganda has a variety of natural resources where government can get a lot of both domestic and external revenue which can be used to foster social and economic development.