April 24, 2024

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IMF calls Upon President Museveni to reform BOU as Kasekende won’t return

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IMF calls Upon President Museveni to reform BOU as Kasekende won’t return. Whisper Eye Reports

International Monetary Fund (IMF) report says Musevein should reform Bank of Uganda (BoU)

Former Deputy Governor Mr Louis Kasekende must not return according to the report.

The IMF pins other top leaders in the BoU that should never be considered for redeployment including Governor Tumusiime Mutebire.

International Monetary Fund h report is about the current situation at Bank of Uganda and called on the country’s leadership to carry on immediate reforms at the central bank.

“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,” says the source.

The report says BoU Governor Mutebile should be retired in public interest as he can’t steer the bank anymore.

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.

The IMF’s primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other.

The Fund’s mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.

Parliament last year recommended that contracts of the governor Emmanuel Tumusiime Mutebile and his deputy, Dr Louis Kasekende should not be renewed, the report of the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has recommended.

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