NRM government finally admits development failure
We should all congratulate the government for admitting, like the IMF and the World Bank before it, that mistakes had been made in Uganda’s development efforts. This is a wise move and there should be no regrets about it. When President Museveni addressed the United Nations General Assembly on September 23, 2009 and said in part “We have started doing what we had left undone for a long time…” I got a sense that the government had finally admitted the failure of its development model. This was confirmed a few days later when ministers and permanent secretaries acknowledged at a retreat that the development model pursued since 1987 had failed to produce the desired results.
When former President Pinochet whose government was the first to introduce structural adjustment in 1973 with ‘Chicago Boys’ (Chilean economists who had been trained at the University of Chicago in USA) and advice of the late Milton Friedman, father of monetarism, realized that the policy was not working he made a bold move. He dismissed the entire team of Chicago boys, appointed a new minister of finance and recast the development model by combining state and private sector in a new development agenda. The recessions ended and the economy has been doing very well since then. So what should Uganda stakeholders do?