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Africa > Uganda

You are looking at 1 - 6 of 6 items for :

  • Type: Journal Issue x
  • Books and Analytical Papers x
  • Privatization x
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Cover IMF Staff Country Reports
Togo: Selected Issues
International Monetary Fund. African Dept.
Selected Issues
Keywords:
ISCR; CR; Togo; outlay; authority; education outlay; frontier
Cover IMF Staff Country Reports
Togo: Selected Issues
International Monetary Fund. African Dept.
This Selected Issues paper investigates state-owned financial institutions’ (SOFIs) performance in developing economies. It focuses on Sub-Saharan Africa, zooming in on the Togolese experience with SOFIs and privatization, at a time when the Togolese government has decided to further disengage from the financial sector. Typically set up with a public interest and financial inclusion mandate, SOFIs tend to weaken financial stability and fiscal discipline in developing economies, especially if they are not typically regulated and supervised on the same basis as other banks. Togo’s and cross-country experiences suggest that performance improves more after privatization when the government fully relinquishes control, when banks are privatized to strategic investors rather than through share issues, and when bidding is open to all, including foreign banks. The success of privatization also hinges on the business environment for competition, governance, and entry, on banks’ valuation and how policy concerns are dealt with, as well as on owner’s prudential review quality.
Keywords:
ISCR; CR; Togo; outlay; authority; education outlay; frontier; social spending; spending leakage; ECF program; education expenditures in Togo; health performance; WAEMU country; frontier analysis; Privatization; State-owned banks; Corruption; Commercial banks; Sub-Saharan Africa; Global
Cover IMF Staff Country Reports
Tanzania: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues paper reviews developments in Tanzania in the main fiscal indicators and related structural reforms to explain the success in fiscal management. The paper contains a brief overview of the structure of the public sector. Main developments in revenue and expenditure are covered. The paper concludes that the rationalization of expenditure programs and the progressive shift from domestic to foreign financing were at the core of Tanzanian macroeconomic stabilization in the second half of the 1990s, contributing to a sharp reduction in inflation.
Keywords:
ISCR; CR; Tanzania; enterprise; debt sustainability; fiscal policy; banking system; bank lending; supply company Ltd.; Tanzania government; enterprises account; commercial bank; Real exchange rates; Real effective exchange rates; Privatization; Fiscal stance; Africa; Southern Africa; Sub-Saharan 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
Uganda: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues paper and Statistical Appendix describes how to improve value-added tax (VAT) compliance in Uganda. The paper highlights that although the VAT in Uganda has a single positive rate and broad coverage, its initial threshold of U Sh 20 million may have been set too low, and a number of items that should have been exempted were zero rated. This paper presents a brief survey of the financial sector of Uganda. Public sector reforms and the privatization program are also discussed.
Keywords:
ISCR; CR; VAT; enterprise; taxpayer; government; tax; interbank treasury bill market; privatized enterprise; monopoly position; master repurchase agreement; BOU control; enforcement officer; Public employment; Privatization; Value-added tax; Education spending; Civil service; Sub-Saharan Africa
Cover IMF Working Papers
Financial Sector Reforms in Eight Countries: Issues and Results
Vicente Galbis
This paper examines financial sector reforms in eight developing countries--Argentina, Bulgaria, Ecuador, Egypt, India, Kenya, Tanzania, and Uganda--and derives general lessons from their experience. The paper reviews the initial situation of these countries; describes the financial sector (and related) reforms carried out, including sequencing issues, and points out the unresolved questions; and examines the effects of reforms on monetary control and financial development, investment and growth and the efficiency of financial intermediation. The main recommendations are the need to persevere with macroeconomic stabilization through indirect monetary policy instruments, and the need to substantially strengthen prudential regulation and supervision and restructure and privatize or liquidate ailing financial institutions.
Keywords:
WP; central bank; exchange rate; monetary policy; private sector; money market; market economy; adjustable peg; State trading; term-lending institutions; state bank; finance corporation; money stock; authorities time; supervisory authorities; interest rate liberalization; State dirigit economy; government balance; Financial sector reform; Monetary policy instruments; Financial sector; Commercial banks; Privatization