However, the greater importance of financial markets for channelling funds from surplus to deficit sectors and for managing a wide variety of different risks has made it increasingly important to focus on the sustainable functioning of markets, which includes the health and operation of individual institutions.
I would especially like to express my gratitude to his Excellency the President for gracing this occasion with his presence and showing his support for the Bank of Uganda. The history of the Bank of Uganda over the last fifty years reflects, in many respects, the history of independent Uganda. Like our country, the Bank has experienced both good times and bad.