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Africa > Uganda

You are looking at 1 - 10 of 11 items for :

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Cover Departmental Papers
A Rebalancing Act for China and Africa: The Effects of China’s Rebalancing on Sub-Saharan Africa’s Trade and Growth
Mr. Roger Nord
and
Ms. Wenjie Chen
How does China’s new growth model affect sub-Saharan Africa? To address this question, this paper first looks at the growing ties between China and Africa; attempts to estimate more precisely the impact on growth through the trade channel; and finally draws some policy implications regarding whether this means an end of the Africa Rising narrative or merely the beginning of a new chapter.
Keywords:
DPPP; DP; center; China; commodity; Sub-Saharan Africa; commodity exporter; China's growth; frontier economy; investment-driven commodities exporter; growth experience; FDI flow; sub-Saharan Africa result; idiosyncratic shock; Bloomberg L.P.; commodity price system; Customs dataset; countries in sub-Saharan Africa; Exports; Commodity prices; Foreign direct investment; Direction of trade; Africa; Global
Cover IMF Working Papers
Growth in Africa Under Peace and Market Reforms
Ms. Olessia Korbut
,
Mr. Gonzalo Salinas
, and
Cheikh A. Gueye
Economic stagnation in Sub-Saharan Africa (SSA) has led several economists to question the region’s ability to attain sustained economic growth, some of them arguing for the need to shift away from natural resource - based exports. Yet, we find that low growth has not been common to all SSA countries and that those that achieved political stability and significantly liberalized their economies experienced high growth in income per capita, as high as ASEAN-5 countries. This group of SSA countries attained high growth while maintaining their specialization in natural resource exports. Our analysis also rejects the hypothesis of reverse causality: that good growth performance allowed countries to attain political stability or liberalize their economies.
Keywords:
WP; country; liberalization; state interventionism; growth; Africa; structural adjustment; SSA country; liberalization program; SSA economy; natural resource; Natural resources; Personal income; Comparative advantage; Exports; East Asia; South Asia
Cover IMF Working Papers
External Debt Sustainability in HIPC Completion Point Countries: An Update
Jie Yang
and
Dan Nyberg
Despite substantial debt relief to HIPC Initiative completion point countries, long-term debt sustainability remains a challenge. This paper examines a number of structural factors affecting external debt sustainability. It shows that in HIPC completion point countries (i) the export base broadly remains narrow; (ii) fiscal revenue mobilization lags behind in some countries; and (iii) policy and institutional frameworks are still relatively weak. Achieving and maintaining longterm debt sustainability in completion point countries will require continued structural reforms, timely donor support, and close monitoring of new non-concessional borrowing.
Keywords:
WP; HIPC; HIPC country; HIPC Completion point countries; export; HIPC decision point; External Debt Sustainability; HIPCs; Low-Income Countries; HIPC completion; country grouping; HIPC CP country; export diversification; Exports; Debt sustainability; Export diversification; Agricultural commodities; Oil; Global
Cover IMF Working Papers
Do South-South Trade Agreements Increase Trade? Commodity-Level Evidence from COMESA
Anna Maria Mayda
and
Mr. Chad Steinberg
South-South trade agreements are proliferating: Developing countries signed 70 new agreements between 1990 and 2003. Yet the impact of these agreements is largely unknown. This paper focuses on the static effects of South-South preferential trade agreements stemming from changes in trade patterns. Specifically, it estimates the impact of the Common Market for Eastern and Southern Africa (COMESA) on Uganda's imports between 1994 and 2003. Detailed import and tariff data at the 6-digit harmonized system level are used for more than 1,000 commodities. Based on a difference-in-difference estimation strategy, the paper finds that-in contrast to evidence from aggregate statistics-COMESA's preferential tariff liberalization has not considerably increased Uganda's trade with member countries, on average across sectors. The effect, however, is heterogeneous across sectors. Finally, the paper finds no evidence of trade-diversion effects.
Keywords:
WP; COMESA country; tariff rate; trade diversion; trade creation
Cover IMF Staff Country Reports
Uganda: Statistical Appendix
International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Keywords:
ISCR; CR; Uganda; tax; factor cost; capital gain; Uganda police force; basic rate; windfall coffee tax; Income; Agricultural commodities; Imports; Commercial banks; Agroindustries; Global
Cover IMF Staff Country Reports
Rwanda: Recent Economic Developments
International Monetary Fund
The government of Rwanda has recognized that economic development in most areas would have to be the responsibility of the private sector (particularly since military and civil service employment would be reduced), but that the public sector could still have a role in promoting economic equality by providing a social safety net, most importantly with a solvent social security system. Before the conflict in 1994, the private sector has accounted for only about 50 percent of employment in the formal sector, excluding the civil service.
Keywords:
ISCR; CR; U.S. dollar; gross domestic product; sales tax; price index; private sector; tax revenue; economic planning; excess reserves; broad money; tertiary sector; income tax; money market; foreign exchange; Agricultural commodities; Tariffs; Civil service; Exports; Commercial banks; Sub-Saharan Africa; Africa
Cover IMF Working Papers
External Debt Histories of Ten Low-Income Developing Countries: Lessons from Their Experience
Mr. Kevin Ross
,
Mr. R. Brooks
,
Mr. Robert Powell
,
Ms. Ydahlia A. Metzgen Quemarez
,
Ms. Doris C Ross
,
Mr. Mariano Cortes
,
Saqib Rizavi
,
Benoit Ketchekmen
, and
Ms. Francesca Fornasari
The external debt burden of many low-income developing countries has increased significantly since the 1970s. Developments in a sample of ten countries show that the main factors behind the buildup of debt were (1) exogenous (adverse terms of trade shocks or weather), (2) a lack of sustained macroeconomic adjustment and structural reforms, (3) nonconcessional lending arid refinancing policies of creditors, (4) inadequate debt management, and (5) political factors (civil war and social strife). Future policies should limit the need for external financing and create an environment conducive to diversifying export growth, managing debt more prudently, and basing economic projections on more cautious assumptions.
Keywords:
WP; debt; export; price; Niger; Zambia; External Debt; HIPCs; Low-Income Countries; export base; debt-servicing capacity; export receipt; export concentration; debt problem; Bolivia's export earnings; world oil price projection; oil price projection; concessional terms; commodity price projection; financing needs; prudent debt strategy; Export performance; Debt burden; Exports; Agricultural commodities; Global
Cover IMF Staff Country Reports
Uganda: Statistical Appendix
International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Keywords:
ISCR; CR; Uganda; factor cost; economic development; Uganda shilling; bureau rate; taxable income; windfall coffee tax; natural resources; net factor service income; Agricultural commodities; Income; Imports; Income and capital gains taxes; Africa
Cover Finance & Development
Finance & Development, December 1979
International Monetary Fund. External Relations Dept.
This paper highlights that the fight against worldwide inflation was the main theme of the Finance Ministers and central bank Governors from 138 member countries that participated in the 1979 Annual Meeting of the IMF’s Board of Governors in Belgrade in October 1979. Unlike the agenda for the 1978 Meeting, which contained a number of single issues, such as quota increases and special drawing rights allocations, requiring specific decisions and action, the 1979 Meeting was devoted principally to a wide-ranging discussion of the world’s economic problems.
Keywords:
FD; F&D; country; enterprise; tranche purchase; state; IDA credit; OPEC country; fund activity; development banking; reserve tranche; Offshore financial centers; Oil; Personal income; Oil exports; Agroindustries; East Africa; Global; Western Europe; Africa; Sub-Saharan Africa
Cover IMF Staff Papers
IMF Staff papers: Volume 13 No. 3
International Monetary Fund. Research Dept.
This paper explores trends in payment imbalances between 1952 and 1964. When desired reserves deviate appreciably from actual holdings, the authorities will sooner or later readjust their economic policies to reduce the magnitude of the deviation. On the assumption that the priorities given in individual countries to domestic and external objectives of economic policy and the attitudes toward the use of various policy instruments remain unchanged, desired reserves would tend to rise chiefly as a result of the increase in the size of expected payments fluctuations. International reserves of all 65 countries of the study rose over the period studied by 2.5 per cent a year. This low rate of increase reflects, however, the large reduction in US reserves. For all countries of the study excluding the United States, the reserves grew by 6.0 per cent a year. Leaving aside the loss of reserves by the United States, reserves of all countries appear, therefore, to have grown roughly in proportion to the value of trade and to the size of payments imbalances.
Keywords:
SP; fund; center; deficit; balance of payments; payments imbalance; export tax; fund member; reserve claim; parity rate; Reserve assets; Tariffs; Gold; Exports; Reserve positions; Africa; Middle East; Asia and Pacific; Western Europe; Europe