I wish to stress that to enable adoption of these new reforms as well as a smooth transition to a monetary union and advancement of data harmonization efforts in the East African Community; it is of paramount importance that financial institutions, among other data providers, submit timely and accurate statistics, based on international best practice.
The reporting forms, which we are about to launch, have been designed to enable you to submit data to Bank of Uganda, which is comparable across nations both within and outside the East African Community. These revised forms will enable Bank of Uganda to collect more comprehensive and appropriate data to guide the conduct of monetary and credit policies.