Narrow Your Choices

Refine By Type

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Africa > Uganda

You are looking at 1 - 10 of 45 items for :

  • Financial Institutions and Services: General x
Clear All
Cover Finance & Development
The Global Cyber Threat
Cyber threats to the financial system are growing, and the global community must cooperate to protect it
Tim Maurer
and
Arthur Nelson

In February 2016, hackers targeted the central bank of Bangladesh and exploited vulnerabilities in SWIFT, the global financial system’s main electronic payment messaging system, trying to steal $1 billion. While most transactions were blocked, $101 million still disappeared. The heist was a wake-up call for the finance world that systemic cyber risks in the financial system had been severely underestimated.

Keywords:
FD; F&D; data bias; data economy; big data analytics; Afordable internet access; location data; digital ID; expansionary monetary policy; community currency; government policy; COVID-19; Cyber risk; Migration; Financial inclusion; Global; Africa; Sub-Saharan Africa; Europe; Asia and Pacific; financial services firm; technology company; world s government; global financial system fuel risk; government actor; Financial sector; Financial sector stability
Cover IMF Staff Country Reports
Ghana: Selected Issues Paper
International Monetary Fund. African Dept.
This Selected Issues paper discusses growth strategy for Ghana. Ghana has achieved impressive development gains over the last decades, with rising incomes, lower poverty, and better health, education, and gender outcomes. However, growth has recently become less inclusive, with high inequality and slower poverty reduction. In order to address these challenges, the authorities are pursuing a “Ghana beyond Aid” development strategy centered around agricultural modernization and export-led industrialization. Accelerating productivity growth calls for fostering competition, improving the business environment, strengthening human capital, taking advantage of growing regional markets and industrial policies that prioritize sectors that can export and innovate and where Ghana could achieve economies of scale. Consistent and predictable government policies can help increase long-term investment and improve public spending effectiveness. A key lesson from growth accelerations in other countries is that it is crucial to achieve economies of scale. In most cases, rapid economic growth required achieving export success in specific sectors.
Keywords:
ISCR; CR; Ghana; asset; bank; industry; liability; per capita income; public sector; bank intermediation cost; structural change; gas assets; banking system; extractive industry; processing industries in Ghana; value chain; exposure to the commodity cycle; government balance sheet; bank profitability; Financial statements; Public sector; Commercial banks; Business enterprises; Nonperforming loans; Sub-Saharan Africa; Africa
Cover Departmental Papers
Macro-Financial Linkages in Shallow Markets: Experience from the African Department’s Pilot Countries
International Monetary Fund. African Dept.
This paper assesses and disseminates experiences and lessons from low-income countries (LICs) in Sub-Saharan Africa that were selected by the Africa Department in 2015-16 as pilots for enhanced analysis of macro-financial linkages in Article IV staff reports. The paper focuses on the common characteristics across the pilot countries and highlights the tools used in the analysis, the challenges encountered, and the solutions deployed in overcoming them.
Keywords:
DPPP; DP; interest rate; credit risk; central bank; banking sector; bank competition; cost of funds; composite index; lending condition; Malawian bank; economic value; bank information cost; financial system assets; banking system assets; bank level; banks in Benin; bank agent; Financial sector development; Financial sector; Stress testing; Credit; Sub-Saharan Africa; East Africa; Middle East; East Asia
Cover Departmental Papers
Financial Development in Sub-Saharan Africa: Promoting Inclusive and Sustainable Growth
Mr. Montfort Mlachila
,
Ahmat Jidoud
,
Ms. Monique Newiak
,
Bozena Radzewicz-Bak
, and
Ms. Misa Takebe
This paper discusses how sub-Saharan Africa’s financial sector developed in the past few decades, compared with other regions. Sub-Saharan African countries have made substantial progress in financial development over the past decade, but there is still considerable scope for further development, especially compared with other regions. Indeed, until a decade or so ago, the level of financial development in a large number of sub-Saharan African countries had actually regressed relative to the early 1980s. With the exception of the region’s middle-income countries, both financial market depth and institutional development are lower than in other developing regions. The region has led the world in innovative financial services based on mobile telephony, but there remains scope to increase financial inclusion further. The development of mobile telephone-based systems has helped to incorporate a large share of the population into the financial system, especially in East Africa. Pan-African banks have been a driver for homegrown financial development, but they also bring a number of challenges.
Keywords:
DPPP; DP; financial system; monetary union; market index; banking sector; return on assets; financial institution index; commodity price; return on equity; Financial sector development; Financial inclusion; Basel II; Financial sector; Sub-Saharan Africa; Africa; East Africa; Global; Asia and Pacific
Cover IMF Working Papers
The East African Community: Prospects for Sustained Growth
Ms. Catherine McAuliffe
,
Ms. Sweta Chaman Saxena
, and
Mr. Masafumi Yabara
The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries—macroeconomic and government stability, favorable business climate, and strong institutions—but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out. 
Keywords:
WP; EAC country; EAC member; growth acceleration; EAC economy; EAC growth; Accelerated growth; sustained growth; benchmarking; East African Community; sub-Saharan Africa; EAC integration; exchange rate; private sector; common market; Exports; Financial sector; Government debt management; Productivity; Real exchange rates; Africa; Global
Cover Policy Papers
Enhancing Financial Sector Surveillance in Low-Income Countries - Financial Deepening and Macro-Stability
International Monetary Fund
This paper aims to widen the lens through which surveillance is conducted in LICs, to better account for the interplay between financial deepening and macro-financial stability as called for in the 2011 Triennial Surveillance Review. Reflecting the inherent risk-return tradeoffs associated with financial deepening, the paper seeks to shed light on the policy and institutional impediments in LICs that have a bearing on the effectiveness of macroeconomic policies, macro-financial stability, and growth. The paper focuses attention on the role of enabling policies in facilitating sustainable financial deepening. In framing the discussion, the paper draws on a range of conceptual and analytical tools, empirical analyses, and case studies.
Keywords:
PP; LIC bank; LIC financial systems; LIC government; financial activity; government securities market; underdeveloped financial systems; market friction; debt management; market player; market stability; price discovery; interest rate; market development; Financial sector; Credit; Securities markets; Global
Cover IMF Staff Country Reports
Rwanda: 2010 Article IV Consultation and First Review Under the Policy Support Instrument-Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda.
International Monetary Fund
Satisfactory implementation of the economic program supported by the Policy Support Instrument has helped Rwanda during the global economic downturn. The program focuses on maintaining a sustainable fiscal position; strengthening monetary and exchange rate policies; and supporting growth with structural reforms to diversify the export base and improve the business environment. The authorities are committed to assess the inflation to safeguard the gains made in macroeconomic stability that currently underpin the economic recovery. Executive Directors emphasized the need to maintain macroeconomic stability to achieve sustainable growth.
Keywords:
ISCR; CR; modification of assessment criteria; modification; authority; aid dependency; fiscal policy; inflation outlook; Rwandan authorities; development program; Credit; Monetary base; Exchange rates; Global; Sub-Saharan Africa
Cover IMF Staff Country Reports
Statement by Samuel P. Itam, Executive Director for Uganda
International Monetary Fund

This paper discusses key findings of the Seventh Review Under the Policy Support Instrument (PSI) for Uganda. The medium-term outlook for Uganda remains favorable but risks are on the rise. Growth is expected to rebound to its potential in the coming two years on the heels of a supportive fiscal stance and higher global and regional growth. It remains vulnerable to exogenous shocks as well as to election-related uncertainties. IMF staff supports the authorities’ request for a new three-year PSI to anchor their near- and medium-term policies.

Keywords:
ISCR; CR; request; debt; cancellation; Uganda; real GDP; Infrastructure; Financial sector; Structural reforms; Global
Cover IMF Survey
IMF Survey interview: Africa Seeing Rewards of Better Policies
International Monetary Fund. External Relations Dept.

In recent months, prices of oil, nickel, tin, corn, and wheat have hit record highs, building on dramatic increases since their lows of 2000. What does this mean for sub-Saharan Africa, a highly diverse region of net commodity importers and exporters?

Keywords:
SV; reform package; market; emerging market corporate; reform; primary market bond issuance; net commodity importer; policy advice; IMF perspective; IMF's emphasis; needed commodity; Financial sector; Commodity booms; Food prices; Sub-Saharan Africa; Global
Cover IMF Survey
Resilient Europe Faces Further Tests: Europe Seen as Resilient, but Still Held Back by Structural Issues
International Monetary Fund. External Relations Dept.

Michael Deppler, head of the IMF’s European Department for the past 11 years, speaks in the following interview about the effects of the subprime crisis on Europe and the IMF’s first multilateral consultation, a high-level initiative aimed at reducing global economic imbalances.

Keywords:
SV; reform package; market; emerging market corporate; reform; primary market bond issuance; IMF survey; Europe's positive; Europe's politician; growth in Europe; commodity price; Financial sector; Purchasing power parity; Competition; Commodity price fluctuations; Europe; Global