President Yoweri Museveni has been ranked among the world’s best performing presidents in terms of economic growth and development in his country and East Africa region.
The ranking that was done by New York University and Word Bank revealed that the Ugandan President had recorded positive economic growth in Uganda and East Africa at large.
According to New Vision, Uganda, under the leadership of Museveni recorded a significant economic growth of 2.42% with a shrinkage of 0.78% since he came to power in 1986.
Museveni performed better than other world renowned leaders like Lee Kuan, who was lauded for turning around the economy of Singapore, because he did well in relation to the lower average regional growth in Sub Saharan Africa compared to East and South Asia under Kuan.
Uganda’s chief Economic advisor to the President, Stephen Miyingo, concurred with the report saying it was a true reflection of what the government had achieved over years.
The report was first released in May 2018 by World Bank Economist Steve Penning’s and New York Economist Professor William Easterly indicated Museveni emerged 12th in the rank being one of the best leaders with a significant positive impact on their countries economic growth.
The two experts defined the best leaders as any leaders for whom estimated leader effect is positive and significant at the 95% level and the worst leader are those with negative and insignificant leader effects.
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