Louis Kasekende: Overview of the Ugandan economy Remarks by Dr Louis Kasekende, Deputy Governor of the Bank of Uganda, at the closing of the Ugandan Business Journalists Training Workshop by Thomson Reuters Foundation, Kampala, 5 March 2010.
We are providing an 18-month implementation period for existing funds to take appropriate actions in response to the Guidance, and we expect that property funds newly authorised from today onwards will adhere to the Guidance from inception. Due to their reduced systemic risk, funds primarily investing in social housing will not be covered by the leverage limit, subject to certain criteria.