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Africa > Uganda

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Cover Policy Papers
Strengthening IMF-World Bank Collaboration on Country Programs and Conditionality - Progress Report
International Monetary Fund
NULL
Keywords:
PP; fund; country; relations annexe; fund staff; Bank-fund collaboration; relations annex; Bank country Directors; fund coordination; Bank-fund paper; Bank staff; Bank region; Bank-fund relations annex; Financial sector; Financial Sector Assessment Program; Communications in revenue administration
Cover IMF Working Papers
Will there Be New Emerging-Market Economies in Africa b+L2280y the Year 2020?
Mr. Jean-Claude Berthélemy
and
Mr. Ludvig Söderling
This paper examines past African growth experience and attempts to simulate future ones. In addition to more commonly used determinants of total factor productivity, a measure of the effect of labor reallocation and an index of economic diversification are constructed and included as factors for long-term growth. A simple model is constructed for the purpose of simulating growth scenarios up to the year 2020 for Burkina Faso, Côte d'Ivoire, Ghana, Mali, Tanzania, and Uganda. Even if one makes relatively optimistic assumptions, Africa is not likely to reach "Asian tiger" levels of growth. The results also suggest that growth will depend, to a large extent, on educational investments and productivity gains in agriculture.
Keywords:
WP; terms of trade; Africa; growth; productivity; education; labor reallocation; diversification; reallocation effect; GDP ratio; CFA franc; production function; productivity gain; growth scenario; reallocation openness; diversification index; TFP gain; diversification gain; Cote d'Ivoire II; Human capital; Total factor productivity; Exports; Sub-Saharan Africa
Cover IMF Staff Country Reports
Mauritius: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues paper and Statistical Appendix analyzes the labor market of Mauritius. It highlights that the high level of youth unemployment in Mauritius points to deficiencies in education and training. There are also significant rigidities in the functioning of the labor market that aggravate the problem. In particular, the Mauritian labor market is highly regulated and the relevant institutions operate according to a legalistic approach in which economic criteria play a relatively minor role.
Keywords:
ISCR; CR; rate of return; money demand; firm; Mauritian rupee; net acquisition; yield; opening balance; time deposit; cash inflow; opportunity cost; Currencies; Agricultural commodities; Demand for money; Treasury bills and bonds; Caribbean
Cover IMF Working Papers
Is Policy Ownership An Operational Concept?
Mr. James M. Boughton
and
Mr. Alex Mourmouras
IMF lending is generally conditional on specified policies and outcomes. These conditions usually are negotiated compromises between policies initially favored by the Fund and by the country's authorities. In some cases the authorities might be satisfied enough with the outcome to take responsibility for it ("own" it) even though it was not their original preference. In other cases, they might accept the outcome only to obtain financing, in which case weak commitment might lead to poor implementation. This paper reviews the theoretical basis for the importance of ownership, summarizes what is known about its empirical effects, and suggests a strategy for strengthening it.
Keywords:
WP; recipient country government; government need; government decision-makers; policy reaction function; ownership; IMF; conditionality; common agency models; State capture; representative government; recipient government; central bank carrying out; government ownership; government failure; country's authorities; Multilateral development institutions; Structural reforms
Cover Policy Papers
Poverty Reduction Strategy Papers - Progress in Implementation
International Monetary Fund
NULL
Keywords:
PP; PRSP approach; Fund staff; PRSP country; PRSP process; Fund country team; status report; PRSP preparation status report; poverty reduction strategy; PRSP workshop; PRSP team; PRSP review; East Asia PRSP workshop; PRSP sourcebook; PRSP initiative; Poverty reduction strategy; Poverty reduction; Poverty reduction and development; East Asia; Central Asia; Africa
Cover IMF Working Papers
Evidenceon the Fiscal and Macroeconomic Impact of Privatization
Mr. Steven A Barnett
This paper empirically investigates the relationship between privatization and measures of fiscal and macroeconomic performance. One of the main findings is that privatization proceeds transferred to the budget tend to be saved. Specifically, they are largely used to reduce domestic financing, with little evidence that they are used to finance a larger deficit. However, by construction, this part of the study is restricted to privatization proceeds transferred to the budget, leaving open the question of what happens to those proceeds not transferred to the budget. The other main finding is that total privatization (as opposed to just the proceeds transferred to the budget) is correlated with an improvement in macroeconomic performance as manifested in higher real GDP growth and lower unemployment. However, this result needs to be interpreted cautiously as the evidence is not sufficient to establish causality.
Keywords:
WP; privatization proceeds; proceeds; privatization; viewing privatization; privatization coefficient; privatization process; privatization yield result; Budget planning and preparation; Unemployment; Unemployment rate
Cover IMF Staff Country Reports
Rwanda: Recent Economic Developments
International Monetary Fund
The government of Rwanda has recognized that economic development in most areas would have to be the responsibility of the private sector (particularly since military and civil service employment would be reduced), but that the public sector could still have a role in promoting economic equality by providing a social safety net, most importantly with a solvent social security system. Before the conflict in 1994, the private sector has accounted for only about 50 percent of employment in the formal sector, excluding the civil service.
Keywords:
ISCR; CR; U.S. dollar; gross domestic product; sales tax; price index; private sector; tax revenue; economic planning; excess reserves; broad money; tertiary sector; income tax; money market; foreign exchange; Agricultural commodities; Tariffs; Civil service; Exports; Commercial banks; Sub-Saharan Africa; Africa
Cover IMF Survey
IMF Survey: Volume 29, Issue 01
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
Keywords:
SV; IMF's website; structural adjustment Facility; SDR; gold sale; contingency financing facility; fund Facility; decision-making role; Poverty reduction strategy; Insurance; Exchange rate arrangements; Employment; Poverty reduction; Global; Europe; Africa; Pacific Islands; Central and Eastern Europe; Asia and Pacific
Cover IMF Survey
IMF Survey: Volume 29, Issue 04
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
Keywords:
SV; IMF's Enhanced Structural Adjustment Facility; IMF staff country report; IMF publications catalog; growth facility; IMF staff country; contingency financing facility; IMF survey; Poverty reduction strategy; Corruption; Poverty reduction; Labor markets; Employment; Baltics; Global; Europe; Africa; Asia and Pacific; Caribbean
Cover IMF Working Papers
Composition of Government Expenditure, Human Capital Accumulation, and Welfare
Mr. John J Matovu
This paper uses a dynamic general equilibrium model calibrated to Ugandan data to examine the welfare effects of alternative scenarios of government expenditure and tax financing. Two expenditure types are considered: social spending that affects human capital, and infrastructure expenditures that affect productivity. The paper finds that social expenditures lead to higher economic growth depending on the form of financing; young generations benefit most from social spending financed by consumption taxes; agents do not substitute between human and physical capital as a result of changes in expenditure composition; and improving the productivity of fiscal expenditure is both growth and welfare enhancing.
Keywords:
WP; capital stock; physical capital; public expenditure; government expenditure; welfare; growth; tax financing; infrastructure expenditure; age-consumption profile; expenditure policy change; policy reform; aggregate consumption; government investment expenditure; financing expenditure; Human capital; Health care spending; Consumption taxes; Education spending; Africa; Sub-Saharan Africa