While macroeconomic stability had been achieved, deepening the financial sector and increasing the efficiency in the financial markets remained a challenge. To address these deficiencies, the MAC decided to adopt a strategy of formulating a comprehensive five-year Financial Markets Development Plan for East Africa.
To spearhead the development of the Plan in Uganda, the Bank of Uganda established the Financial Markets Development Committee (FMDC) and its dedicated Secretariat, and Subcommittees comprising various stakeholders from the financial sector. I would like to thank the members of these committees for a job well done.