Money and credit data up to April provide evidence that, as intended by our policy measures, an abrupt and disorderly adjustment in the balance sheets of credit institutions has not materialised. Given the current cyclical situation and the ongoing adjustment in the balance sheets of households and enterprises, subdued credit demand is likely to prevail in the period ahead.
*  *  *  The Board of Directors, Management & Staff Barclays Bank of Uganda Ltd Distinguished Guests, Ladies and Gentlemen, Let me begin by expressing my appreciation to the Board of Directors and Management of Barclays Bank of Uganda Limited for inviting me to launch the Barclays University in Uganda.