That is probably true in respect of the most acute manifestation of the crisis – the systemic failures in key financial markets around the globe – but the repercussions of the financial crisis will be felt for many years to come; and this applies to countries, such as Uganda, which were relatively less badly affected by it as well as to countries where the impact was very severe.
In this talk, I want to sketch out what I think are the key lessons of the global financial crisis for Uganda and how this will shape the development of the banking sector in Uganda in the medium to long term.