Uganda will top the list on the fastest growing economies in the world by 2025 according to a report released by Harvard University Center for International Development CID last week. The Economic Complexity Global Growth Projections: Predicted Annual Growth Rate to 2025 shows that Ugandas economy will be growing at a 7.73 percent rate followed by India growing at a 7.72 percent.
Clara Mira, the representative of the International Monetary Fund IMF in Uganda observed that Uganda is undertaking huge and positive infrastructure projects. However, she added, government should have a bank of ready to implement projects with a clear financing model and management.
But bankers, speaking at a post budget meeting hosted by Stanbic Bank in Kampala observed that the countrys economy is at its worst given the impressive growth registered in the last two decades.
