Suchergebnisse

This paper focuses on Uganda''s Second Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. Economic performance of Uganda has been broadly favorable. Progress has been made on structural reforms, but further steps are needed. Starting the construction of the two hydropower projects without further delay, approving and regulating the Public Financial Management Bill, and strengthening accounting controls are crucial steps in the reform effort. The expected amendments to the Bank of Uganda Act should support the inflation targeting regime. Based

Cover -- Contents -- List of Acronyms -- Executive Summary -- Action Plan -- Project Framework Summary -- I. Introduction -- II. Implementation of Previous Missions' Recommendations -- III. Collection and Compilation of Monetary Statistics for Other Depository Corporations -- A. Bank of Uganda -- B. Other Depository Corporations -- IV. Collection and Compilation of Monetary Statistics for Other Financial Corporations -- A. National Social Security Fund -- B. Private Pension Funds -- C. Insurance Companies -- D. Non-Deposit Taking Microfinance Institutions -- E. Investment Funds and Unit Trusts -- F. Uganda Development Bank -- G. Foreign Exchange Bureaus -- V. Monetary Aggregates, Interest Rates, and Stock Exchange Index -- A. Monetary Aggregates -- B. Interest Rates -- C. Stock Exchange Index -- VI. Intra-EAC Positions -- VII. Data Reporting to the IMF -- VIII. Data Dissemination -- IX. Training and Technical Assistance -- Appendices -- I. List of Officials Met by the Mission -- II. Status of Implementation of the Previous Mission's Recommendations.

Uganda is regarded as one of the most successful turnaround states in sub-Saharan Africa, with sustained improvement in rates of economic growth and poverty reduction, and in bringing peace to many parts of the country after years of political instability and civil strife. These achievements are offset by low levels of life expectancy, continuing problems of rural poverty, and persistent conflict in the north. This article examines the reasons for Uganda's success from the late 1980s, highlighting the government's willingness to learn lessons from reform experiments in other countries, the significance of political commitment and state capacity, the timing and sequencing of reforms, and a strategy of compensating the potential losers of reform. Foreign aid played a critical role in Uganda's turnaround, through the provision of ideas, technical assistance and financial resources. The article concludes that the considerable achievements to date may not be sustained on account of the failure to achieve a durable cessation of conflict in the north and to address growing governance problems, which have wider implications for political stability, economic reform and poverty reduction. (IDS Bull/GIGA)

Cover -- CONTENTS -- Abbreviations -- Executive Summary -- Project Framework Summary for Quarterly National Accounts -- I. Introduction -- II. Statistics Prerequisites -- III. Rebased GDP Estimates -- IV. GDP by Economic Activity -- A. Agriculture, Forestry and Fishing -- B. Mining and Quarrying -- C. Manufacturing -- D. Electricity, Gas, Steam and Air Conditioning Supply -- E. Water Supply, Sewerage and Waste Management Activities -- F. Construction -- G. Motor Vehicle Sales and Repairs, and Other Wholesale and Retail Trade -- H. Transport and Storage -- I. Accommodation and Food Service Activities -- J. Information and Communication -- K. Financial and Insurance Activities -- L. Real Estate Activities -- M. Professional, Scientific and Technical Activities -- N. Administrative and Support Service Activities -- O. Public Administration -- Compulsory Social Security Activities -- P. Education -- Q. Human Health and Social Work Activities -- R. Arts, Entertainment and Recreation -- S. Other Service Activities -- T. Activities of Households as Employers -- U. Taxes less Subsidies on Products -- V. GDP by Expenditure -- A. Government Final Consumption Expenditure -- B. Final Consumption Expenditure of NPISH -- C. Household Final Consumption Expenditure -- D. Gross Fixed Capital Formation -- E. Changes in Inventories -- F. Acquisitions less Disposals of Valuables -- G. Exports and Imports of Goods and Services -- Appendix I: Rebased GDP Estimates -- Appendix II: Action Plan for the SUT/GDP Rebase.

Cover -- CONTENTS -- BACKGROUND AND RECENT DEVELOPMENTS -- PERFORMANCE UNDER THE PSI -- POLICY DISCUSSIONS -- A. Economic Outlook and Risks -- B. Recalibrating Fiscal Policy and Mitigating Risks -- C. Consolidating the Fiscal Position over the medium term -- D. Anchoring inflationary expectations and maintaining financial stability -- E. Advancing financial sector deepening and inclusion -- F. Reinvigorating structural reforms -- POLICIES TO SUPPORT GROWTH AND POVERTY REDUCTION -- STAFF APPRAISAL -- FIGURES -- 1. Real Sector Developments -- 2. External Sector Developments