Measures to improve the health of Uganda's economy following eight years of rule by former President Idi Amin include aid from other countries, and internal financial controls.
SV Group of women singers performing for President Godfrey Binaisa in Hoima, Uganda (3 shots)
CU President Binaisa seated with other ministers
GV & CU Schoolgirls singing (2 shots)
GV Crowd watching
SV President Binaisa speaking to crowd, and applause (4 shots)
SV President Binaisa enters car
GV President's limousine departs with armed escort following
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Background: Measures to improve the health of Uganda's economy following eight years of rule by former President Idi Amin include aid from other countries, and internal financial controls. Former President Amin's rule ended last year (1979) and he is reported to be living in Saudi Arabia. The new regime of President Godfrey Binaisa is now grappling with Uganda's heavy debt burden and the need for economic development.
SYNOPSIS: At a rally in Hoima, which began with traditional entertainment by dancers and musicians, President Binaisa discussed some of the offers of aid from other countries, and condemned illegal practices within Uganda, including profiteering. Many sectors of the economy show signs of neglect.
President Binaisa's government has already acknowledged help offered by Britain and other donors to restore the cotton industry, once a major export when production was 4-hundred-thousand bales a year. but out put slumped over the last eight years to sixty thousand bales. And President Binaisa has agreed to receive a delegation from the Soviet Union to discuss the repayment of debts totalling 37 million dollars.
The crowd at the rally were told of yet more aid and development plans. President Binaisa announced that India is giving Uganda the equivalent of 17.8 million dollars in loans, mainly for industrial spare parts. The funds will be available at an interest rate that President Binaisa said was minimal. He also expressed optimism about the chances of developing an oil industry. A team of oil prospectors from the United States begin searching in the next few weeks (February).
President Binaisa still faces difficulties in maintaining law and orders, and he has also condemned disorder in the economy. He says price control measures would be introduced, and he denounced those who smuggle imported goods out of Uganda. A strict system of import priorities has been devised to make best use of foreign currency resources.