FDC says the late Governor failed the economy

 

By Damali Mukhaye

The opposition Forum for Democratic Change (FDC) yesterday accused the late Emmanuel Mutebile for partly failing to stabilize the economy of this country during his reign as the boss of the central Bank despite the expertise he had in economics.

Addressing journalists at their offices in Najjanankumbi, the FDC party president, Patrick Amuriat said that at his departure, the country’s interest rate remained high and the country is highly indebted.

Amuriat also said that Mutebile is partly to blame for the struggling economy with poor health services which saw him die in a foreign country, high debts in the country among other shortfalls.

Amuriat says that the country borrows more than Shs 7 trillion annually to pay salaries of government employees and to fund other recurrent expenditure.

He says that as a central bank governor, he has been the regime’s principal economic advisor and he takes a big share of the blame for its failed economic policies.

Written by Noelyn Nassuuna