{"id":46712,"date":"2023-03-23T10:02:01","date_gmt":"2023-03-23T10:02:01","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/match-public-investment-with-jobs-eu-tells-govt"},"modified":"2023-03-23T10:36:07","modified_gmt":"2023-03-23T10:36:07","slug":"match-public-investment-with-jobs-eu-tells-govt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/match-public-investment-with-jobs-eu-tells-govt","title":{"rendered":"Match public investment with jobs, EU tells govt"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The European Union has challenged government to ensure every shilling spent on public investments has a return in terms of creating jobs for Ugandans.<\/p>\n

In a speech read for him at the launch and dissemination of the public investment financing strategy in Kampala on Tuesday, Amb Jan Sadek, the head of the European Union delegation to Uganda, said government should take a step further with some additional analytics, insights and policy reflection, to establish a link between every billion shilling of public investment and created jobs to distinguish investments with high and low labour content.<\/p>\n

The employment potential of public investment in roads, schools, hospitals, water and sanitation and electricity, among others, he said, must be realised to create jobs for youth.<\/p>\n

\u201cCreating jobs – especially for youth – will be one of Uganda\u2019s major policy challenges, the direct and indirect employment impact of alternative public investments and various financing and implementation modalities will be an essential element of the equation,\u201d Amb Sadek said, noting that the public investment and financing strategy will help development partners to align support to priority sectors.<\/p>\n

\u201cAs an example, the EU just approved a \u20ac15m programme to support Uganda in unlocking the huge potential of climate financing, both at national level, by supporting the dedicated unit in the Ministry of Finance, but also at local district level,\u201d he said.<\/p>\n

Likewise, he noted, the EU had developed a broad portfolio of \u20ac60m, which will facilitate access to affordable finance for SME\u2019s in different stages of development raging from smallholder farmers to women entrepreneurs, who will be provided with long term capital of upto $500.000.<\/p>\n

In a statement read by Rachel K. Subdde, the senior country economist, Ms Mukami Kariuki, the World Bank country manager, said the overarching goal of the public investment financing strategy is to address binding constraints on economic growth, and in particular the significant infrastructure deficit that the country faces.<\/p>\n

Quality issues<\/b><\/p>\n

Ms Mukami said: \u201cIt remains difficult to see how higher investments can yield returns if the quality of projects is poor,\u201d noting that quality issues arise from poor design, delays in implementation, cost escalations and time-overruns.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The European Union has challenged government to ensure every shilling spent on public investments has a return in terms of creating jobs for Ugandans. In a speech read for him at the launch and dissemination of the public investment financing strategy in Kampala on Tuesday, Amb Jan Sadek, the head of the […]<\/p>\n","protected":false},"author":84,"featured_media":46710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,240,234],"class_list":["post-46712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nMatch public investment with jobs, EU tells govt - Uganda<\/title>\n<meta name=\"description\" content=\"The European Union has challenged government to ensure every shilling spent on public investments has a return in terms ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/match-public-investment-with-jobs-eu-tells-govt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Match public investment with jobs, EU tells govt\" \/>\n<meta property=\"og:description\" content=\"The European Union has challenged government to ensure every shilling spent on public investments has a return in terms ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/match-public-investment-with-jobs-eu-tells-govt\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-23T10:02:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-23T10:36:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/03\/postQueueImg_1679549542.21.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/match-public-investment-with-jobs-eu-tells-govt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/match-public-investment-with-jobs-eu-tells-govt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Match public investment with jobs, EU tells govt\",\"datePublished\":\"2023-03-23T10:02:01+00:00\",\"dateModified\":\"2023-03-23T10:36:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/match-public-investment-with-jobs-eu-tells-govt\"},\"wordCount\":377,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/match-public-investment-with-jobs-eu-tells-govt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/03\/postQueueImg_1679549542.21.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/match-public-investment-with-jobs-eu-tells-govt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/match-public-investment-with-jobs-eu-tells-govt\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/match-public-investment-with-jobs-eu-tells-govt\",\"name\":\"Match public investment with jobs, EU tells govt - 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