The increased interests’ rates charged by commercial institutions have ended up hindering the success of the women empowerment fund that launched last year.
According to Margaret Kakande, the head of budget monitoring and accountability unit in the ministry of finance the Shs 53billion that was supposed to be disbursed to women groups in the different local governments hasn’t performed to their expectation since they failed to find an institution to help manage the fund.
This she said while Advocates Coalition for Development and Environment (ACODE) launched the action learning project in Senegal and Uganda on gender response budgeting in Africa.
In the financial 2015/2016 government released over Shs53 billion shilling to be geared into women groups with the aim of empowering them, about 20 districts were to benefit.
But reports coming from the ministry of finance indicate that the progress of the program hasn’t yet born fruits after failing to identify an institution to manage the funds.
Margaret Kakande adds that banks are the best institutions to manage fund since they even have capacity to offer business skills and training to women but then they failed to reach a mutual ground on the interest rates.
‘We can’t walk out and start giving out the money to women and mostly revolving funds, these women also need training before being given the money ‘said Margaret Kakande, the head budget monitoring and accountability unit ministry of finance.
Despite the fact that women empowerment funding is very key in the development of any country according to the Diakalia Sanogo the senior programs offers at the international development research centre, Canada, argues that there is need to empower women and children with skills to enable them demand for a gender responsive budget which favors their growth.
Most of the budgets made end up not addressing the needs of women and children
‘This project is going to be first rolled out in Uganda and Senegal since they are the two African countries that have tried to achieve a gender responsive budget’ Sanogo said.
Executive director ACODE, Dr. Arthur Bainomugisha says, the action learning project on gender responsive budgeting launched today targets aims at equipping women and youths with knowledge of influencing the budget.
Bainomugisha says despite the different initiatives put in place to have a gender responsive budget, this only stops on policies not action has been seen so far
The programs is first going to be rolled out in areas of Mukono, Soroti and Mbarara starting with the agricultural sector.
Most districts don’t have capacity on gender responsive budgeting.
“If the program is successful in those three areas, then we shall roll it out all over the country’ Bainomugisha added.