Narrow Your Choices

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 - 6 of 6 items for :

  • Type: Journal Issue x
  • Financial institutions x
  • Business and Management x
Clear All Modify Search
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
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 Staff Country Reports
Uganda: Fifth Review Under The Policy Support Instrument And Request For Program Extension: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
International Monetary Fund. African Dept.
Uganda has benefited from international reserve accumulation. The fiscal stance is tighter mainly owing to delays in execution of a large hydropower project. A suspension of budget support owing to theft of donor funds has curtailed spending plans and hurt growth prospects. The authorities have acknowledged the damage from corruption and responded to the concerns of development partners. Tight policies have led to the achievement of program targets. Sound macroeconomic policies need to be accompanied by reinforced efforts to fight corruption.
Keywords:
ISCR; CR; authority; increase transparency; monetary policy; fiscal policy; management; disinflationary effort; government finances; core inflation; budget support; authorities' fiscal policy; Budget planning and preparation; Inflation; Commercial banks; Oil; gas and mining taxes; Global
Cover IMF Staff Country Reports
Uganda: Third Review Under the Policy Support Instrument, Request for Waiver of Nonobservance of an Assessment Criterion, and Request for Modification of Assessment Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
International Monetary Fund
This paper presents key findings of the Third Review for Uganda under the policy support instrument. Monetary policy has been tightened significantly to reduce core inflation, supported by a contractionary fiscal stance. All but one of the seven quantitative assessment criteria were met at end-June; most structural benchmarks were met, although several with delay. Tighter monetary and fiscal policies in the near term aim to reduce inflation rapidly, while medium-term policies strive to create fiscal space to support stepped-up public infrastructure investment.
Keywords:
ISCR; CR; disinflation effort; monetary policy; authority; fiscal policy; EAC partner state; IMF's framework; government finances; macroeconomic fundamentals; safeguards policy; X. exchange rate arrangement; credit growth; Inflation; Budget planning and preparation; Arrears; Commercial banks; Financial Sector Assessment Program; Global
Cover IMF Staff Country Reports
The Federal Democratic Republic of Ethiopia: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues paper assesses the implications of a significant increase in the flow of external financing and grants on real GDP growth in Ethiopia. The paper presents an analysis of the sources of growth during 1991/92–2003/04, as well as an assessment of potential GDP growth. The paper also seeks to assess the historical relationship between foreign aid and the performance of the external sector in Ethiopia to establish whether foreign aid inflows have had an adverse effect on the tradable goods sector in the past.
Keywords:
ISCR; CR; goods; potential GDP; appreciation; government; nontradable goods; regime; private sector development; tradable goods sector; trend capital-output ratio; merchandise export; Derg regime; Commercial banks; State-owned banks; Budget planning and preparation; Loans; Europe; Middle East; Eastern Europe; Western Hemisphere; Central Asia; Global
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