World Bank needs balanced approach to Uganda’s development efforts
On May 6, 2010 Sylvia Juuko reported in the New Vision (Uganda) that the World Bank effective July this year will focus its assistance on the oil sector, urban development and governance. While these are no doubt important areas one wonders what criteria were used in selecting them over rural development and agriculture – which is Uganda’s economic mainstay and the World Bank’s recent announcement that it would direct more resources to agriculture which had been neglected – unemployment, nutrition, health, education, school feeding program, industrialization and environment.
Kundhavi Kadiresan, World Bank representative, reported that Uganda is one of the largest recipients of soft loans from the World Bank, noting that Uganda’s portfolio of International Development Assistance (IDA) financed operations stood at $1.3 billion. Instead of reporting dollar figures, it would have been more helpful if Kadiresan had presented outcomes of these investments and the extent to which they have helped to reduce poverty. It is known that much of World Bank resources go to pay high salaries, allowances and travel costs of foreign advisers and consultants who then deposit the money in their home bank accounts.