Government has received 5.3 billion shillings to implement the New Partnership for African Development (NEPAD) Peer Review Mechanism.
The money for the NEPAD Peer Review Mechanism was contributed by the UK Department for International Development, the African Development Bank, United Nations Development Program and GTZ (South Africa).
Developed in 2003, the African Peer Review Mechanism is considered the most innovative aspect of NEPAD. It is an initiative that seeks to share development strategies between African countries on how to enhance economic development and reduce poverty on the continent.
Speaking to journalists in Kampala today, the State Minister for Economic Monitoring, Omwony Ojwok, said government needs 8.3 billion shillings over a period of three years to implement the mechanism. He said government would provide 3 billion shillings to fill the funding gap.
Ojwok said he is optimistic that the success of the African Peer Review Mechanism will contribute towards a sustainable economic and political development.
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Representing the donors, the UNDP representative in Uganda, Theophane Nikyema, said the UN is particularly interested in reforms related to governance. He said such reforms are vital in ensuring political stability and security in the country.
peer review mechanism