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Uganda Rehabilitation and Development Plan
In June 1987, the government launched a four-year RDP
for
fiscal years 1988-91 (see
table 5, Appendix). It aimed to
restore
the nation's productive capacity, especially in industry
and
commercial agriculture; to rehabilitate the social and
economic
infrastructure; to reduce inflation by 10 percent each
year; and
to stabilize the balance of payments. The plan targeted
industrial and agricultural production, transportation,
and
electricity and water services for particular
improvements. The
plan envisioned an annual 5 percent growth rate, requiring
US$1,289 million funding over the four-year period.
Transportation would receive the major share of funding
(29.4
percent), followed by agriculture (24.4 percent), industry
and
tourism (21.1 percent), social infrastructure (17.2
percent), and
mining and energy (6.9 percent). Although the response of
the
international financial community was encouraging in terms
of
debt rescheduling and new loans, the initial rate of
economic
recovery was modest. In its first phase, FY 1988,
twenty-six
projects were implemented under the RDP, but by late 1989,
officials considered the plan's success to be mixed.
Improved
security and private-sector development contributed to
economic
growth; however, external shocks, overvalued currency, and
high
government spending continued to erode investors' and
international donors' confidence in Uganda's future.
Data as of December 1990
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