Africa > Uganda
You are looking at 61 - 70 of 1,077 items
This paper presents estimates of the carbon emissions of FDI from capital formation funded by FDI and the production of foreign-controlled firms. The carbon intensity of capital formation financed by FDI has trended down, driven by reductions in the carbon intensity of electricity generation. Carbon emissions from the operations of foreign-controlled firms are greater than those from their capital formation. High emission intensities were accompanied by high export intensities in mining, transport, and manufacturing. Home country policies to incentivize firms to meet strict emissions standards in both their domestic and foreign operations could be important to reducing emissions globally.
1. Our Ugandan authorities appreciate the constructive engagement with staff during the recent Article IV consultations and first review under the Extended Credit Facility (ECF) arrangement, and broadly share staffs assessment. We also appreciate staffs Selected Issues Papers, which provide helpful backing analysis.
1. The COVID-19 pandemic has exacerbated Uganda’s development challenges. The growth recovery of 2017–18— which started reversing the slowing per capita income growth observed since 2011—came to a halt in FY19/20 following a collapse in external demand and stringent lockdown measures introduced to alleviate the impact of the COVID-19 pandemic. By June 2021, Uganda’s poverty ratio worsened, formal employment fell, subsistence agriculture increased, private savings declined, child labor rose, and schools remained closed (Box 1). If left unaddressed, the impact of the COVID-19 pandemic could create scars that would significantly lower potential growth, in the face of the continuing challenge to create at least 600,000 jobs per year for Uganda’s growing population.
Uganda is prone to natural disasters that climate change is making more frequent and impactful. Besides the direct damages to lives and livelihoods, the effects of disasters, such as floods and droughts, extend to the wider economy. As recognized by the Third National Development Plan, climate adaptation and preparedness are essential to ensure the resilience of the population and the economy to extreme weather events. Debt-Investment-Growth-Natural-Disasters (DIGNAD) model simulations underscore that building adaptation infrastructure can reduce by two thirds the GDP losses at the trough triggered by a disruptive disaster and almost halve the resulting fiscal gap. Given the financial challenges posed by scaling up adaptation, international support—and scaling up capacity to access donor funds—is required to meet ambitious adaptation plans.