The BoU in collaboration with  Page 4 of 5  other stakeholders is working towards adopting the National Payments System Act, which will provide a legal basis for BoU to supervise the mobile money sector and support modernise of the financial system. In conclusion, Uganda has made impressive development gains over the last 3 decades, while maintaining macroeconomic stability.
Concurrently, extraordinary monetary policy measures were deployed to underwrite the financial system’s stability. The process of restructuring the financial sector, which was made possible by these unprecedented policy initiatives, remains vulnerable, however, to setbacks in the recovery of the real economy. The upturn is still far from being self-sustaining.