|
Uganda FOREIGN TRADE AND ASSISTANCE
In order to rebuild the economy in the late 1980s,
Uganda
needed foreign goods, technology, and services, but its
chronic
shortage of foreign currency and uncertain political
climate
weakened the nation's standing as a trading partner. The
government sought to strengthen Uganda's standing in the
world
economy, but to meet short-term needs officials turned to
foreign
donors. Acquiring foreign assistance through direct aid,
loans,
or grants became an important focus of the government's
economic
efforts. The nation's balance of trade and payments
reflected the
fluctuating world value of Uganda's major export, coffee,
even
though the volume of coffee exports remained almost
constant
through 1986 and declined only slightly after that. The
government encouraged export diversification, and these
two
important goals--restoring international confidence and
reducing
the nation's dependence on a single export--dominated
external
economic planning in the late 1980s.
Data as of December 1990
|
