Uganda Joins Founding Members of “Trade over Aid” Initiative at NYSE Launch
Ambassador Adonia Ayebare, Uganda’s Permanent Representative to the United Nations, joined fellow UN ambassadors, senior U.S. officials, and heads of international agencies at the New York Stock Exchange for the launch of the “Trade over Aid” initiative.
Uganda is a founding member of the initiative, which moves away from traditional development assistance models. The core premise, Ambassador Ayebare explained, is that “each nation must chart its own path to progress by mobilizing its human, financial and natural resources and create a pro-business and pro-growth environment.”
According to the Ugandan envoy, development aid should be designed to promote national self-reliant growth rather than long-term dependency. He thanked the U.S. Ambassador to the UN (@USAmbUN) for spearheading the effort.
Ambassador Ayebare, who holds a PhD and also serves as Uganda’s legal services representative to the U.S., emphasized that the initiative reflects a growing consensus among member states: sustainable prosperity comes from internal resource mobilization and a favorable investment climate, not from aid alone.
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