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 - 2 of 2 items for :

  • Type: Journal Issue x
  • Financial institutions x
  • Comparison of Public and Private Enterprises and Nonprofit Institutions; Privatization; Contracting Out 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 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