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Ugandan President Yoweri Museveni on Wednesday dismissed the recent World Bank report which classified Uganda as still a low-income country.
In a July 1 economic update, the World Bank maintained that Uganda’s per capita gross national income stood at $840 (Shs3.1 million) per annum, according to its data for the period ended 2020/2021.
However, during the launch of the Public Policy Executive Oversight Forum (Apex platform), President Museveni questioned the World Bank’s source of information, insisting that Uganda had attained middle-income status.
“The economy is growing. The other day, I had some arguments about whether we have gone to middle income or not. We reaffirm. I do not know where the World Bank is getting their data from,” Mr Museveni said.
“But our data about our country is that we are now at GDP (Gross Domestic Product) per capita of $1,046 (Shs3.9m) and that is already in the middle income. We need to stay there for three more years or go up to be declared officially. We have got some money and the things to do are many. That is why prioritisation becomes important,” he added.
Source: DailyMonitor
