Bank of Uganda (BOU) publishes the Annual Supervision Report (ASR) to keep the public abreast of salient issues relating to prudential regulation and supervision of Supervised Financial Institutions (SFIs) and developments in the financial sector.
Most of the financial year 2021 was characterized by heightened uncertainty about the economic outlook largely in part to the additional waves of the COVID pandemic. However, as the year 2021 came to a close, the pandemic gradually abated supported in part by the rollout of the COVID-19 vaccination across the country. This resulted in a phased re-opening of the economy that facilitated an economic rebound in most sectors except the education and hospitality sectors, which remained under prolonged lockdown.
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