Book Description

Roberts.p65 9 The Privatisation Experience in Uganda: Prospects and Challenges in its Implementation* Muriisa Roberts The profound disillusionment in the North with the record of state involvement in economic and social life has led to a simplistic and rather naïve belief in the magic of the market as the most efficient economic regulator. [...] Consequently, the World Bank and the IMF decided that privatisation was the most viable option as a policy instrument to reduce the drain of the PE sector on the fiscal budget. [...] Despite the move to bridge the dialogue gap between the business sector and the government, there still exists a large dialogue gap between the government and civil society, particularly about the overall benefits of the whole privatisation exercise to the Ugandan community at large. [...] The chapter has tried to show that in spite of the challenges of implementing the privatisation policy, privatisation has brought marked contributions to the development of the country. [...] The establishment of the Uganda Investment Authority, the enactment of the Investment Code and the putting into place of the PERD statute all made investing in Uganda an attractive venture.