Sunday, 16 November 2008

Economic Challenges

Inevitably the effects of the current economic crisis will extend well beyond the shores of the west where it originated, to have a serious impact on poorer countries like Uganda.

Uganda's inflation rate is currently running at around 7%. That's quite moderate compared with many third world nations. But when you are already living on the breadline, a 7% reduction in your standard of living has serious repercussions.

Added to that, the value of the pound against the Ugandan shilling has slumped dramatically in recent months. The overall result is that, pound for pound, the value of donations from the UK had fallen by around fifth in the last year - putting added pressure on the various projects that we and others are supporting there.

Please pray that as people and governments in the West look to cut back during the recession, support for people in developing countries will not be a casualty. They should not have to pay the price for the fiscal irresponsibility of the west. They cannot afford it.

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