In the United States the broader diffusion of basic knowledge has fit well with the acceleration in technical progress, helping to increase America’s lead in growth over the countries of continental Europe. Technical and vocational schools with highly specialized courses have long-established roots, notably in Germany, where they have sustained economic and social development since the turn of the twentieth century.
Mr. President and Council members, I am proud to report that Bank of Uganda has fulfilled that commitment and allow me to take this opportunity to restate our continued commitment to build and uphold a long term harmonious relationship with financial institutions and all stakeholders that have operated in partnership with Bank of Uganda to maintain a sound, safe and stable financial sector.