A report on the current situation at Bank of Uganda by the International Monetary Fund has reportedly called on the government to carry out reforms at Bank of Uganda, Matooke Republic reports.
The online publisher reveals that among the recommendations in the report is that none of the current top managers including Governor Tumusiime Mutebile and former Deputy Governor Louis Kasekende should be considered for redeployment at the central bank.
While Kasekende is no longer at the central bank following the expiry of his contract and refusal by President to reappoint him, Mutebile’s contract still has a year to go. It is not yet sure is President Museveni still wants him at the helm of Bank of Uganda.
“It is true, there is a report and apart from a copy that was given to the president, the governor has a copy and yet to make it official at the board level. However, those close to the governor say it recommends for a complete overhaul of the current establishment including the governor himself,” a source within BoU was quoted by Matooke Report.
The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership.
