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Why is the IMF important to a country like Uganda?

Every year finance minister and central bank governors make a number of trips to the International Monetary Fund Headquarters in Washington DC, but what exactly do they do while their?

Every year finance ministers and central bank governors converge in Washington DC in the International Monetary Fund (IMF) annual meetings.

But why do these economic managers of countries make the annual pilgrimage, and if the IMF is a lending institution, why do countries like Uganda which do not borrow from the fund attend the meetings?

Samuel Settumba answers some of these questions in this report.

E Iganga batabukide abaagala okuggyawo nayikondo eri mu luguudo

Abatuuze ku kyalo Bugumba mu district ye Iganga batabuse n’abakulembeze mu kitundu kino abaagala okuggyawo nayikondo yaabwe webabadde bakima amazzi okumala emyaka 14.

Eyewuunyisa nnayikondo eno eri wakati mu luguudo olugenda e Nalambai kyokka bbo abatuuze bategezeezza abakulembeze okufuna engeri endala gyebanaaziyiizamu obubenje sso ssikuggyawo nnayikondo yaabwe.

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