The economic fallout of the Coronavirus (COVID-19) pandemic has high potential of getting the world economy into recess. Outputs are reducing, exports, jobs, etc are likely to be challenged as well. And for third world economies this is very likely to be impactful. Uganda has now registered some cases and these have been isolated and are under medical care.
We thank Government for the resilience and effort put so far to caution Ugandans to prevent the spread of COVID-19. The private sector through PSFU is pledge bound to work tirelessly with Government in ensuring we avert this challenge.
The recommendations shared are cross-sectoral, as well as sector-specific interventions to the Ugandan tourism and agriculture sectors based on stakeholder consultation and policy review. The purpose of these interventions is to provide a timely and decisive response to key areas of industries, with the goal of preventing job-loss and keeping industries alive. Government should also consider settling the outstanding domestic arrears to ease business cash flow.