Final December Ebulletin

Summing up 2008 for 2009 The Year 2008 started with fuel and food stresses (high prices) that have escalated to date. This has further been complicated by the global financial meltdown whose repercussions to securing sustainable development in Uganda and East Africa are yet to be fully understood. However, observers like the Overseas Development Institute are predicting that countries at risk include countries with high government deficits and those dependent on aid with effects varying from weaker export revenues, lower investment and growth rates (translating into higher poverty), lost employment, more crime, weaker health systems and even more difficulties meeting the MDGs. Read about ODI’s Background note (October 2008): The global financial crisis and developing countries on the link: http://www.odi.org.uk/resources/odi-publications/background-notes/2008/g...