If there is no international macroeconomic policy coordination, how can countries determine which policies they should choose to strengthen their domestic economies and thus contribute to global growth? In answering that question, I would say that policy-makers should always look to their own economies first.
Although the banking system as a whole in Uganda is currently well capitalised, the evolution of the banking system over the long term is likely to intensify the risks to which banks are exposed. Hence I believe that the changes I have just described will help to ensure that banks are better able to withstand shocks to their balance sheets.