The global financial crisis, or GFC, was a very vivid demonstration of what can happen when the financial system is unstable – credit supply dries up, investment and consumption fall and unemployment rises. So there is a very human cost to financial instability.
While the contribution of agriculture to national economic growth has halved between 1991 and today, the share of the population that is employed in this sector has hardly moved. Moreover, 68 percent of the population is engaged in subsistence farming. The United Nations forecasts that Uganda’s population will rise to 102 million by 2050, and then to 203 million by 2100.