The National Micro finance conference was officially opened yesterday by the third deputy Prime Minister General Moses Ali who represented the Prime Minister of Uganda
The two day conference will start from the 25th to 27th July2012.The conference will under the theme “The Path to financial inclusion: Re-examining Uganda’s Microfinance Strategies”
In his remark the third deputy Prime Minister expressed the need to reflect on Uganda’s economy to see how it will take its rightful place in the global economy. “We must use this opportunity to boost Uganda’s financial sector,” he said
Speaking at the conference the Minister of Finance Maria Kiwanuka expressed the need by government to optimize its support function of ensuring a regulatory framework that encourages cost effective operations of sustainable viable micro finance institutions. “The range of microfinance institutions is an important tool for increasing financial inclusion by expanding rural access to affordable credit and that is our focus today,” she said
The conference comes at a time when the world is engulfed by the global financial crisis. A number of economies in the west are close to plunging into the depth of global depression. Greece, Ireland, Spain and Portugal are requesting for bail-outs and being placed under austerity measures.
Also present was the State Minister in charge of micro finance Carolyne Okayo Amal .Participants were drawn from all parts of Uganda, Kenya, Tanzania and other parts of the world.