Emmanuel Tumusiime-Mutebile: De-risking financing & investment in agriculture to promote decent youth employment and inclusive growth

Remarks by Prof. Emmanuel Tumusiime-Mutebile, Governor of the Bank of Uganda, at the UBA Annual Bankers' Conference "De-risking financing & investment in agriculture to promote decent youth employment and inclusive growth", Kampala, 16 July 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Salutations

I would like to thank the UBA for inviting me to address this third edition of the Annual Bankers Conference on the theme - "De-risking Financing & Investment in Agriculture to promote decent youth employment and inclusive growth".

It is commendable that the UBA has focused attention on the potential role that finance can play in leveraging the agriculture sector to diffuse the demographic bomb that threatens to explode in our midst if Uganda does not create decent jobs for the youths.

The value added by agriculture, forestry, and fishing as a percentage of gross domestic product (GDP) declined from 49 percent in 1991, to 28 percent in 2000, to 26 percent in 2010, and down to approximately 24 percent in 2018.