Finance Minister Henry Musasizi has reaffirmed the government’s commitment to strengthening coordination between fiscal and monetary policy following a high-level meeting with Bank of Uganda Governor Dr. Michael Atingi-Ego, Deputy Governor Prof. Augustus Nuwagaba, and other senior central bank officials.
The meeting focused on enhancing collaboration between the Ministry of Finance, Planning and Economic Development (MoFPED) and the Bank of Uganda, institutions that play complementary roles in managing the country’s macroeconomic stability and growth.
Minister Musasizi, accompanied by the Minister of State for General Duties, Ciccy Mulondo, emphasized the importance of maintaining a strong partnership between the two institutions to ensure effective economic management and sustainable development.
Discussions centered on the government’s fiscal consolidation agenda, prudent public financial management, and measures aimed at supporting the effectiveness of monetary policy.
The officials also reviewed strategies to strengthen cash flow management and forecasting, clear domestic arrears, and support the capitalization of the Central Bank.
The meeting further explored reforms aimed at deepening Uganda’s fixed-income and financial markets, including improvements to the local currency bond market and a review of the primary dealer market-maker system.
In a bid to safeguard Uganda’s financial reputation, both parties agreed to strengthen anti-money laundering and counter-terrorism financing mechanisms to prevent the country from returning to the Financial Action Task Force (FATF) Grey List.
Minister Musasizi pledged the Ministry’s full support to the Bank of Uganda in executing its mandate effectively, noting that close cooperation between fiscal and monetary authorities remains critical for maintaining economic stability.
Governor Atingi-Ego reaffirmed the Central Bank’s commitment to a transparent and coordinated partnership with the Ministry of Finance, founded on policy alignment and mutual respect for their respective mandates.
“We will safeguard macroeconomic stability and advance sustainable and inclusive growth for Uganda,” Atingi-Ego said.
The meeting underscored the government’s determination to strengthen economic governance and foster conditions that support investment, financial sector development, and long-term economic transformation.
