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 the Ugandan President had recorded positive economic growth in Uganda and the region 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. He 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. “Leadership requires bold initiatives and President Museveni must be credited for this. It requires stringent and well taught out policies to reverse the decline our was in and revamp the economy. It is not surprising Museveni has put this country on a steady economic growth,” said Miyingo.
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 those whose effect was positive and significant at the 95% level and the worst leader as those with negative and insignificant leader effects.
The finding named Shrinking Dictators: How Much Economic Growth Can We Attribute to National Leaders, ranked Senior General Than Shwe of Burma as number one Shwe was considered the most influential leader who steered his country’s economic growth at 3.95% and shrinkage of just 0.71%. He was the head of the State of Burma between 1992 and 2011 as chairman of the State Peace and Development Council (SPDC).