President Museveni's Message Highlights Self-reliance and Critiques Foreign Aid
By Kundu Ronald In a recent message delivered from State House in Entebbe, President Museveni reaffirmed his commitment to Uganda's self-reliance and criticized the role of foreign aid and loans in the country's social-economic transformation. The President argued that while aid and loans can be useful if executed by patriots, they often lead to distortion and hinder growth. He questioned the effectiveness of foreign aid in promoting growth, citing examples of African countries facing security and stability crises despite receiving grants and loans. President Museveni pointed out instances of mismanagement of borrowed funds, where essential sectors like agriculture lacked necessary infrastructure and equipment despite significant loans. He also criticized external aid policies that obstructed the growth of domestic industries, like Uganda's pharmaceutical sector, due to imposed conditions. The President outlined five key factors driving Uganda's social-econo...