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Africa > Uganda

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

  • Type: Journal Issue x
  • Financial institutions x
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Cover IMF Staff Country Reports
Uganda: Technical Assistance Report-Moving Towards Risk-Based Supervision of Insurance in Uganda: Training on Supervision of Reinsurance and Assisting on an Industry Seminar on Risk-Based Supervision
International Monetary Fund. Monetary and Capital Markets Department
This Technical Assistance Report discusses the recommendations made by the IMF mission to assist Uganda in moving toward risk-based supervision of insurance sector. It highlights that under the revised insurance legislation, the Insurance Regulatory Authority of Uganda (IRA) will be requiring nonlife insurers to provide certification for adequacy of technical provisions by an actuary as is currently required for life insurers. When the requirement comes into effect, it will be necessary for it to be supported by guidance from IRA in terms of its expectations for the actuarial reports to be filed. This will ensure consistency in reporting to the IRA and that the reports will provide the information needed by the IRA for supervisory purposes.
Keywords:
ISCR; CR; reinsurance; IRA supervision manager; premium; net premium; Uganda insurance market; life insurance insurance premium; reinsurance training; staff of IRA; IRA team; industry IRA Board; Risk-based supervision; Insurance; Insurance companies; Global
Cover IMF Working Papers
Determinants of Bank Interest Margins in Sub-Saharan Africa
Mr. Calixte Ahokpossi
Financial intermediation is low in sub-Saharan Africa (SSA) compared to other regions of the world. This paper examines the determinants of bank interest margins using a sample of 456 banks in 41 SSA countries. The results show that market concentration is positively associated with interest margins, but the impact depends on the level of efficiency of each bank. In particular, compared to inefficient banks, efficient ones increase their margins more in concentrated markets. This indicates that policies that promote competition and reduce market concentration would help lower interest margins in SSA. The results also show that bank-specific factors such as credit risk, liquidity risk, and bank equity are important determinants of interest margins. Finally, interest margins are sensitive to inflation, but not to economic growth or public or foreign ownership. There are regional differences within SSA regarding the level of interest margins even after controlling for other factors.
Keywords:
WP; center; bank; interest margin; Banks interest margins; commercial banks; bank margin; bank inefficiency; bank activity; bank data; bank size; bank characteristic; bank behavior; Credit risk; Liquidity risk; State-owned banks; Foreign banks; Sub-Saharan Africa; East Africa; West Africa; Southern Africa
Cover Sub-Saharan Africa
Sub-Saharan Africa
Financial Sector Challenges
Ms. Catherine A Pattillo
,
Ms. Anne Marie Gulde
,
Mr. Kevin J Carey
,
Ms. Smita Wagh
, and
Mr. Jakob E Christensen

Abstract

Financial sectors in low-income sub-Saharan Africa (SSA) are among the world's least developed. In fact, assets in most low-income African countries are smaller than those held by a single medium-sized bank in an industrial country. The absence of deep, efficient financial markets seriously challenges policy making, hinders poverty alleviation, and constrains growth. This book argues that building efficient and sound financial sectors in SSA countries will improve Africa's economic prospects. Based on a review of the key features of financial systems, it discusses the main obstacles and challenges that financial structures pose for SSA economies and recommends steps that could address major shortcomings in implementing the reform agenda.

Keywords:
BOOK; bank; SSA bank; financial market imperfection; lending; development bank; renewed reform effort; credit information indices; Commercial banks; Financial sector; Credit; Stock markets; Africa; Sub-Saharan Africa; Southern Africa; credit constraint; survey evidence; portfolio diversification
Cover IMF Staff Country Reports
Uganda: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, and Payment Systems
International Monetary Fund
This paper presents findings of Uganda’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Corporate Governance, and Payment Systems. The banking system in Uganda, which dominates the financial system, is fundamentally sound, more resilient than in the past, and currently poses no threat to macroeconomic stability. A major disruption in donor flows could, however, challenge macroeconomic stability and threaten the financial system.
Keywords:
ISCR; CR; central bank; interest rate; monetary policy; payment system; financial system; foreign exchange; banking system; banking sector; clearing house; Payment systems; Commercial banks; Financial Sector Assessment Program; Loans; Bank supervision; Africa
Cover Finance & Development
Finance & Development, December 2000
International Monetary Fund. External Relations Dept.
This paper describes the need to broaden the agenda for poverty reduction. The broadening of the agenda follows from a growing understanding that poverty is more than low income, a lack of education, and poor health. The poor are frequently powerless to influence the social and economic factors that determine their well being. The paper highlights that a broader definition of poverty requires a broader set of actions to fight it and increases the challenge of measuring poverty and comparing achievement across countries and over time.
Keywords:
FD; F&D; country; government; policy; income; poorest country; poverty reduction; average income; poverty focus help; government policy; Poverty reduction; Poverty reduction strategy; Debt relief; Multilateral development institutions; Sub-Saharan Africa; Africa; Global; East Asia; Caribbean
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