The economy deteriorated under the rule of Idi Amin from 1971 to 1979 and throughout the first half of the 1980s.
On assuming power, Amin embarked on policies that seriously affected the
economy and the well being of Ugandans for decades.
The British recognized and supported Amin, largely because of their own economic interests.
They convinced Common wealth members to accord Amin and Uganda recognition.
Furthermore, the IMF was involved in the preparation and support of the first budget
of Amin’s government.
The turning point was on 4th August 1972 when Amin, under decree 17/1972, declared an economic war, revoked the residence permits of the Asians (numbering over 80,000) and gave them 90 days to leave the
country.
