Wednesday, July 21, 2021

Blog: Cash transfers are the silver lining that could change the story for Jane, Uganda’s children and the entire economy (COVID-19)

As the cloud of coronavirus disease (COVID-19) hovers over the world, countries are reinventing means of resuscitating their economies, and Uganda is following suit. Prior to the pandemic, per capita growth averaged 2.8% between 2015 and 2019, a pace at which it would have taken an average Ugandan more than 25 years to double their income. With COVID-19, the prolonged lockdowns and resultant loss in productivity, this rate nosedived to -5% last year. While there was optimism about a quick recovery, the latest IMF projections indicate 2.5% average growth between 2021 and 2023, and that was before the new viral wave and lockdown. Read More