o  However, the financial sector remains resilient, and there is no evidence of its exposure to the toxic wastes. o  As a result, real GDP growth in Uganda could slowdown to 6-7% in 2008/09, which by any standards is still remarkable. The ensuing economic recession in the developed world is having knock on effects on the Ugandan economy.
In addition, the Statement serves as a vehicle for enhancing the accountability of the Bank to its stakeholders. In my remarks this evening, I will present only the main highlights of the full text of the 2003 Monetary Policy Statement.