The Local Economic Development (LED) report

Submitted by on Thu, 08/31/2023 - 18:46

This report reveals the Local Economic Development method undertaken to produce the NDP III results. In 2006, LED was introduced to Uganda as the sixth objective of the Decentralization Policy as decentralization was failing to get the population out of poverty as envisaged during conceptualization in 1993. Efforts were constructed to fulfill it but a bold step was made in 2014 with the development of the LED policy.

Considering that the Government appeared to be struggling with the implementation of LED as an approach to poverty reduction since 2014, several initiatives have been taken to operationalize the LED policy (2014). LED Policy (2014) defines it as “A process through which Local Governments, the private sector, and the communities form partnerships to mobilize, manage and invest resources effectively into economic ventures to stimulate development and growth of the locality. LED is a multi-sectoral, multi-level, and multi-disciplinary process that requires a systems approach to succeed. LED is a framework for further deepening of fiscal decentralization and this comes to be actualized through the PDM which has been allocating substantial but not adequate amount of resources. The PDM is going to produce economic goods through public financing.

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