Africa > Uganda
Abstract
Monetary policy in sub-Sahara Africa (SSA) has undergone an important transformation in recent decades. With the advent of sustained growth and generally stable fiscal policies in much of the region, many countries are now working to modernize their monetary policy frameworks. This book provides a comprehensive view of the many monetary policy issues in sub-Saharan Africa. It reflects an effort to fill a gap in the current literature and collects research by staff of the IMF and other institutions, as well as from policymakers within central banks in SSA. The chapters explore the many dimensions of monetary policy in SSA. This volume will serve as an important reference for academics and policymakers and will inform future policy debates. The book highlights two points, one policy-related and the other methodological. Although these countries differ in important ways from advanced and emerging market countries, the monetary policy issues they face are not fundamentally different from those faced elsewhere. Policy aims to provide an anchor for inflation over the medium term while also responding to external and domestic shocks. Likewise, Sub-Saharan African countries are in the process of modernizing their policy frameworks, by clarifying their objectives and improving their operational frameworks, making policy increasingly forward-looking and improving their forecasting and analytical capacity.
Abstract
The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa. The EAC countries are making significant progress toward financial integration, including harmonization of supervisory arrangements and practices and the modernization of monetary policy frameworks. This book focuses on regional integration in the EAC and argues that the establishment of a time table for the eliminating the sensitive-products list and establishing a supranational legal framework for resolving trade disputes are important reforms that should foster regional integration.
Abstract
The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic developments and prospects for the region are discussed as a whole, as well as for specific countries. The reports include key data for countries in the region. Each report focuses on policy developments that have affected economic performance in the region, and discusses key challenges faced by policymakers. The near-term outlook, key risks, and their related policy challenges are analyzed throughout the reports, and current issues are explored, such as when and how to withdraw public interventions in financial systems globally while maintaining a still-fragile economic recovery.These indispensable surveys are the product of comprehensive intradepartmental reviews of economic developments that draw primarily on information the IMF staff gathers through consultation with member countries.