The Speaker of Parliament Jacob Oulanyah has paid tribute to the late Bank of Uganda Governor Emmanuel Tumusiime-Mutebile, highlighting his role in the country’s economic recovery.
Tumusiime-Mutebile, 72, passed away at around 5am on Sunday from the Nairobi Hospital where he has been undergoing emergency attention. Before being flown to Kenya, the deceased was a fortnight ago admitted to Nakasero Hospital.
Oulanyah in a tweet says he is saddened by Tumusiime-Mutebile passing.
“We salute him for meritorious service as Governor of the Bank of Uganda and superintending economic recovery and stability,” writes the Speaker of Parliament.
He adds, “Commiserations to his family, banking fraternity and the nation at large.”
Until his death, the deceased served as Governor and Chairman of the Board of Directors of the Bank of Uganda since 2001.
A seasoned professional economist and reformer, he spearheaded the design and implementation of the Economic Reform Program that restored Uganda from the economic crises of the 1970s and 1980s to sound economic performance during his service as the Permanent Secretary/Secretary to the Treasury in the ministry responsible for finance, planning, and economic development.
He worked as a consultant for multilateral and regional organizations including the World Bank, International Monetary Fund, Organization for Economic Cooperation and Development, Macroeconomic and Financial Management Institute of East and Central Africa, UK Department for International Development, the North South Institute in Canada, and for the governments of Rwanda, Kenya, Tanzania, Eritrea, and Nepal.
He was a member of the High Level Panel of the UNDP for the production of the Human Development Report of the UNDP; the Management Group for overseeing the evaluation of the implementation of the Comprehensive Development Framework of the World Bank in 2001; and the High Level Panel of Eminent Persons to advise the President of the African Development Bank on the strategic future of the African Development Bank in 2006.
He holds Fellowships of the World Bank Institute, and Rotary Foundation of Rotary International.
He was educated at Makerere University, Durham University, and Oxford University.
He is an Honorary Professor of Makerere University, an Honorary Doctor of Philosophy of Nkumba University, a Companion of the Commonwealth Partnership for Technology Management (CPTM), and a Doctor of Laws (Honoris Causa) of Bishop Stuart University.
Makerere University honoured him with the establishment of the Prof. Emmanuel Tumusiime-Mutebile Chair of Monetary Policy.