April 2016







This Portal

This Portal is a product of Ministry of Finance, Planning and Economic Development in fulfilling part of its mandate to communicate economic development policy and its results. It provides timely and relevant information on Uganda’s development with a view to facilitating increased engagement with stakeholders on Uganda’s development policy.


The Common Market for Eastern and Southern Africa (COMESA)

COMESA was formed in 1994 to replace the former Preferential Trade Area (PTA) arrangement which had existed earlier. COMESA was established “as an organization of free independent sovereign states which have agreed to co-operate in developing their natural and human resources for the good of all their people.” With its 19 member states, population of over 389 million and annual import bill of around US$32 billion, and with an export bill of US$82 billion, COMESA forms a major market place for both internal and external trading.

 


Intergovernmental Authority on Development (IGAD)

IGAD was created in 1996, to succeed the Intergovernmental Authority on Drought and Development (IGADD) that was founded in 1986 to deal with issues related to drought and desertification in the horn of Africa. The new and revitalized IGAD was launched during the 5th Summit of IGAD Assembly of Heads of State and Government held on 25-26 November 1996 in Djibouti. The Summit endorsed the decision to enhance regional cooperation in three priority areas of food security and environmental protection, economic cooperation, regional integration and social development, and peace and security.


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