Home » Breaking News, Business » President Museveni Revives the Presidencial Economic Council

By Ahura Mujuni Mark

President Yoweri Museveni has revived the Presidential Economic Council (PEC) which is supposed to meet every 2 months under his Chairmanship or that of  the Vice-President .

The council was revived during  on Monday at State House, Entebbe in a meeting that was also attended by Prime Minister Amama Mbabazi and Cabinet Ministers.

The President announced the revival of PEC during the 2012/2013 financial budget presentation to the country on 14th June 2012 .It is supposed to meet every 2 months under his Chairmanship or that of Vice-President if the President is not present.

President Museveni the nation during his national budget speech  said that the reactivation of PEC was very crucial because of the importance of investors to the national economy.

PEC is charged with the task of dealing with strategic national economic policy development.

PEC membership includes government, other players from the private sector as well as the Uganda Manufacturers’ Association (UMA) and Private Sector Foundation Chairpersons.

Comments

  1. Martin Rodgers says:

    Gd idea, but that council does not only consist of what has been mentioned up but also several other working groups. One of them be responsible for the protection of the rights of entrepreneurs, with an eye at handling issues relating to protecting businesses and the economy in general, as well as complex systemic issues.

    If government officials take this serious, the new Council will do good, given that a team of leading experts will be looking into strategic issues, which no government would have enough time to scrutinize. Never know it may also help the president to realise something