I would like to thank the organisers of this high level meeting, the Uganda Agribusiness Alliance, for inviting me to give a keynote address. The modernisation of agriculture is probably the most important developmental challenge facing Uganda; without agricultural modernisation it is very difficult to envisage how Uganda’s economy will ever be able to achieve middle income status.
Growth in total household credit has slowed and the Bank continues to expect that the household debt-to-income ratio will stabilize near current levels. •  Despite the projected recovery in exports, they are likely to remain below their prerecession peak until the second half of 2014 owing to restrained foreign demand and ongoing competitiveness challenges, including the persistent strength of the Canadian dollar.