The Uganda Ministry of Finance said Finance Minister Henry Musasizi met Bank of Uganda Governor Micheal Atingi-Ego, Deputy Governor Augustus Nuwagaba and other senior officials to reinforce coordination between fiscal and monetary policy. The discussions centered on using fiscal consolidation and prudence to support monetary policy effectiveness and macroeconomic stability, alongside stronger cashflow management and forecasting, clearance of domestic arrears and capitalization of the central bank. The ministry said the two institutions already operate under a memorandum of understanding that sets channels for collaboration and information sharing. They also discussed development of fixed income and financial markets, including reforms to the local currency bond market and a review of the primary dealer market maker system. In addition, they agreed to strengthen anti-money laundering and combating the financing of terrorism mechanisms to avoid a return to the Financial Action Task Force Grey List. Musasizi pledged support for the central bank's mandate, while the governor reiterated the Bank of Uganda's commitment to a coordinated partnership with the ministry.

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