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Africa > Uganda

You are looking at 81 - 90 of 92 items for :

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Cover IMF Working Papers
Structural Adjustment, Economic Performance, and Aid Dependency in Tanzania
Isha Agrawal
,
Zafar U. Ahmed
,
Mr. Michael Mered
, and
Mr. Roger Nord
Tanzania’s adjustment program, which began in the mid-1980s, was accompanied by a sharp increase in the levels of foreign assistance. Previous studies, using published data, have not reflected much improvement in economic performance during the reform period. This paper attempts to shed new light on the relationship between adjustment and aid dependency in Tanzania, by adjusting the macroeconomic database to correct for data deficiencies in several important respects. A subsequent comparison with other sub-Saharan African countries shows that, contrary to traditional interpretation, Tanzania’s increased dependence on foreign assistance did not lead to a deterioration in domestic savings performance. Efficiency of investment, however, has been substantially lower in Tanzania.
Keywords:
WP; Tanzania; GDP; structural adjustment; policy stance; current account; economic reform program; Tanzania's economy; saving-investment gap; inflation rate; economic growth rate; structural adjustment program; Tanzanian shilling; Domestic savings; Current account deficits; Exports; Sub-Saharan Africa
Cover Finance & Development
Finance & Development, June 1993
International Monetary Fund. External Relations Dept.
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.
Keywords:
FD; F&D; country; government; firm; cost; exchange rate
Cover Finance & Development
Finance & Development, June 1993
International Monetary Fund. External Relations Dept.
SlNCE the dissolution of the Soviet Union, most of the former member states have retained the ruble as their national currency but have followed independent monetary policies. Such a combination is not sustainable. With mounting disarray in the ruble area, each state must now quickly adopt either a common monetary policy or a separate national currency.
Keywords:
FD; F&D; country; government; firm; cost; exchange rate; export pessimism; pessimism developing countries; backstop technology; cost calculation; trade pattern; Privatization; Currencies; Monetary unions; Social assistance spending; Renewable energy; Eastern Europe; Global; Baltics; Africa; North America
Cover IMF Working Papers
Monetary Growth and Exchange Rate Depreciation As Causes of Inflation in African Countries: An Empirical Analysis
Mr. Elie Canetti
and
Mr. Joshua E. Greene
This paper examines the relative importance of monetary growth and exchange rate depreciation as causes of inflation in a sample of 10 Sub-Saharan African countries. Causality tests and impulse response functions derived from vector autoregression (VAR) analysis suggest that both monetary expansion and exchange rate adjustments cause inflation in a number of these countries. However, the failure of the tests to attribute the bulk of the variance in inflation in most of the countries to either variable suggests either a problem with the statistical technique or that some other factor--perhaps structural bottlenecks or a measure of overall macroeconomic policy stance incorporating both monetary and exchange rate policy--may be even more important as a determinant of inflation in African countries.
Keywords:
WP; exchange rate; country; price; inflation rate; monetary growth; price data; movements in Africa; exchange rate series; exchange rate vis-à-vis; Exchange rates; Inflation; Exchange rate adjustments; Consumer prices; Monetary expansion; Africa; Sub-Saharan Africa
Cover IMF Working Papers
Inflation in African Countries: General Issues and Effecton the Financial Sector
International Monetary Fund
Since the mid-1970s the annual inflation rate in Africa has averaged more than 15 percent, with many countries experiencing rates of 20 percent or more. Inflation rates of this magnitude have significant adverse effects on the financial sectors of African countries, particularly in the context of fixed nominal interest rates. Econometric analysis points strongly to monetary expansion as a major cause of inflation in African countries generally. Exchange rate depreciation is also associated with higher inflation, although in some countries the domestic currency was depreciated to offset the effects of recent inflation, rather than being a cause of inflation.
Keywords:
WP; inflation rate; rising prices; rate of inflation; exchange rate; high-inflation country; budget deficit; low-inflation environment; Reduced-Form inflation regression; Inflation; Nominal effective exchange rate; Government debt management; Exchange rates; Monetary expansion; Africa; Sub-Saharan Africa
Cover IMF Working Papers
Floating Exchange Rates in Africa
International Monetary Fund
The paper examines the experiences of nine African countries that have introduced floating exchange rate regimes in the 1980s. The various types of market arrangements are explored, focusing on the roles of market participants. After a review of exchange rate developments under the regimes, some related concerns with respect to urban income and employment, resource allocation, and short-term instability are analyzed. In the light of this analysis, the paper suggests some policy recommendations aimed at ensuring the success of the floating regimes.
Keywords:
WP; exchange rate; market; proceeds; market system; goods market; clearing rate; market intervention; market participant; market allocation; effective demand; types of exchange market arrangement; U.S. dollar; market clearing rate; Exchange rates; Floating exchange rates; Currency markets; Exchange rate arrangements; Africa
Cover Africa and the International Monetary Fund
Africa and the International Monetary Fund
Papers Presented at a Symposium Held in Nairobi, Kenya, May 13-15, 1985

Abstract

Edited by G.K. Helleiner, this volume contains the proceedings of a symposium jointly sponsored by the Association of African Central Banks and the IMF that was held in Nairobi, Kenya, in May 1985.

Keywords:
BOOK; fund staff; African country; structural adjustment; fund official; fund program; world prosperity; Exports; Imports; Loans; Africa; Sub-Saharan Africa; Asia and Pacific; West Africa; North Africa; Caribbean; South America
Cover DTS, monnaies et or
DTS, monnaies et or
Sixième exposé sur les changements intervenus dans le domaine juridique
Mr. Joseph Gold

Abstract

Cette brochure est le sixième exposé consacré aux changements intervenus, sur le plan international et national, dans la législation et dans la pratique monétaire, concernant les droits de tirage spéciaux (DTS), les monnaies et l'or. Ce document souligne le fait que la monnaie d'un pays membre détenu par le FMI dans des comptes autres que le compte des ressources générales n'est pas assujettie, selon les statuts du FMI, au principe du maintien de sa valeur en termes de DTS applicable aux monnaies détenues au compte des ressources générales. Le FMI est habilité, explicitement ou implicitement, à investir des avoirs dans des comptes auxquels ne s'applique aucune obligation de maintien de la valeur.

Keywords:
PAM; procedure; SDR; currency; exchange rate
Cover SDRs, Currencies, and Gold
SDRs, Currencies, and Gold
Sixth Survey of New Legal Developments
Mr. Joseph Gold

Abstract

This paper presents the sixth survey of developments in international and national monetary law and practice involving special drawing rights (SDRs), currencies, and gold. The paper highlights that a member’s currency held by the IMF in accounts other than the General Resources Account is not subject under the IMF’s Articles of Agreement to the principle of maintenance of value in terms of the SDR that applies to currency held in the IMF’s General Resources Account. The IMF has express or implied powers to invest holdings in accounts to which no obligation to maintain value is attached.

Keywords:
PAM; procedure; SDR; currency; exchange rate; unit of account; currency arrangement; SDR concept; gold stock; use of the SDR; Multiple currency practices; Exchange rates; Currencies; Gold; Exchange rate adjustments; Global; Europe; West Africa; Southern Africa; North America; Caribbean
Cover Payments Arrangements and the Expansion of Trade in Eastern and Southern Africa
Payments Arrangements and the Expansion of Trade in Eastern and Southern Africa
Ms. Sena Eken
,
Mr. John F. Laker
, and
Mr. Shailendra J. Anjaria

Abstract

In late 1979, the African Center for Monetary Studies requested, on behalf of the Association of African Central Banks (AACB), that the Fund staff prepare a study describing the existing payments, exchange control, and exchange rate arrangements in the proposed 17-nation Preferential Trade Area (PTA) of Eastern and Southern African States, analyzing any payments obstacles to trade in the region, and recommending improvements in payments arrangements that would promote intraregional trade.

Keywords:
OP; trade; Kenya; PTA arrangement; fund staff visit; EAC trade; fund staff; trade expansion; payments arrangement; Currencies; Exports; Imports; Currency convertibility; Credit; Africa; Southern Africa