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Africa > Uganda

You are looking at 1 - 5 of 5 items for :

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Cover IMF Staff Country Reports
Uganda: Technical Assistance Report-Initiating the Stock-Taking of the Public Investment Program
International Monetary Fund. Fiscal Affairs Dept.
This Technical Assistance Report discusses the initiation of the stock-taking of the public investment program in Uganda. This stock-taking will provide a basis for better budgeting by providing information on the existing multi-year project commitments, and the incremental recurrent costs for operation and maintenance of the assets delivered. It will also identify a basic information structure for each project and subsequently collect a data baseline, providing a foundation for more robust project monitoring. It will aid the management of the overall project portfolio. By identifying the scale of existing multi-annual commitments, it will avoid adding projects to the investment pipeline, which cannot be financed under the Medium Term Expenditure Framework.
Keywords:
ISCR; CR; PIP information; project data need; information reliability; input restriction; project template; project information; Public investment and public-private partnerships (PPP); Public investment spending; Budget planning and preparation; Data collection; Stocks
Cover IMF Working Papers
Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method
Ms. Monique Newiak
and
Tim Willems
We use the Synthetic Control Method to study the effect of IMF advice on economic growth, inflation, and investment. The analysis exploits the existence of IMF programs that do not involve any financing (Policy Support Instruments, “PSIs”). This enables us to focus on the effects of IMF monitoring, advice, and approval (as opposed to direct financial assistance). In addition, countries with non-financial programs are typically not crisis-struck – thereby mitigating the reverse causality problem and facilitating the construction of counterfactuals. Results suggest that treated countries add about 1 percentage point in annual real GDP per capita growth, with inflation being lower by some 3 percentage points per year. While we do not find evidence for an impact on total investment and the resulting capital stock, PSI-treatment does seem to stimulate foreign direct investment.
Keywords:
WP; adverse selection; absolute value; International Monetary Fund; Program-evaluation; Economic growth; Inflation; Investment; IMF operations; IMF loan-participation rate; treatment effect; IMF's executive board; PSI review; traditional IMF program; structural adjustment; causal effect of IMF-program; effectiveness of IMF-program; adoption of an IMF-program; types of IMF-engagement; Stocks; Consumer price indexes; Sub-Saharan Africa
Cover Policy Papers
Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI) - Status of Implementation
International Monetary Fund
This report provides an update on the status of implementation, impact and costs of the enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI) since mid-2006. It also discusses the status of creditor participation in both initiatives and the issue of litigation of commercial creditors against HIPCs.
Keywords:
PP; NPV terms; completion point; MDRI debt relief; enhanced HIPC Initiative; debt service; post-completion-point HIPCs; Debt relief; Debt service; Exports; Stocks; Debt sustainability; Africa
Cover Policy Papers
Initiative for Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI)- Status of Implementation
International Monetary Fund
This report provides an update on the status of implementation, impact and costs of the enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI) since mid-2006. It also discusses the status of creditor participation in both initiatives and the issue of litigation of commercial creditors against HIPCs.
Keywords:
PP; MDRI debt relief; NPV terms; enhanced HIPC Initiative; post-completion-point HIPCs; completion point; IMF staff estimate; long-term debt; post-decision-point HIPCs; MDRI assistance; Debt relief; Debt service; Exports; Stocks; Debt sustainability; Africa; West Africa
Cover IMF Working Papers
Flight Capital as a Portfolio Choice
Anke Hoeffler
,
Ms. Catherine A Pattillo
, and
Mr. Paul Collier
This paper sets flight capital in the context of portfolio choice, focusing upon the proportion of private wealth that is held abroad. There are large regional differences in this proportion, ranging from 5 percent in South Asia to 40 percent in Africa. We explain cross-country differences in portfolio choice by variables that proxy differences in the risk-adjusted rate of return on capital. We apply the results to four policy questions: how the East Asian crisis affected domestic capital outflows; herd effects; the effect of the IMF-World Bank debt relief initiative for heavily-indebted poor countries (HIPC) on capital repatriation; and why so much of Africa’s private wealth is held outside the continent.
Keywords:
WP; institutional investor; risk rating; increases in capital capital flight; capital flight literature; rate of return; Capital flight; portfolio choice; capital flight share; cline capital flight measure; flight capital; Capital outflows; Stocks; Foreign assets; Real exchange rates; East Asia; Africa; Sub-Saharan Africa; South Asia; Middle East