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Africa > Uganda

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Cover IMF Staff Country Reports
Republic of South Sudan: Technical Assistance Report-Report on External Sector Statistics Mission
International Monetary Fund. Statistics Dept.
This Technical Assistance Mission has been undertaken to support the Bank of South Sudan (BSS) in improving external sector statistics (ESS). The recommendations made during the 2018 mission for the recording of oil exports and transactions with Sudan under the Transitional Financial Agreement were implemented by the BSS. The mission worked toward enhancing the inter-agency cooperation by meeting with selected public sector bodies, providing them with an overview of the balance of payments and the data that the BSS will request from them. Before the end of the mission, requested data from one of the entities, the Civil Aviation Authority was provided. A work program was developed to conduct a visitor expenditure survey and a preliminary International Reserves and Foreign Currency Liquidity template was submitted to IMF’s Statistics Department for review. In order to support progress in the various work areas, the mission recommended a detailed one-year action plan, with the several priority recommendations carrying weight to make headway in improving ESS reliability.
Keywords:
ISCR; CR; center; bill; import invoice; import entry; BSS compiler; BSS staff; balance of payments compiler; goods imports; Imports; External sector statistics; Interest payments; Government debt management; Africa; Fiscal accounting and reporting
Cover The Quest for Regional Integration in the East African Community
The Quest for Regional Integration in the East African Community
Mr. Paulo Drummond
,
Mr. S. K Wajid
, and
Mr. Oral Williams

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.

Keywords:
BOOK; East African Community; monetary policy; country; market; EAC country; financial market; convergence criteria; EAC member states; market infrastructure; Monetary unions; Exchange rates; Real exchange rates; Currencies; Stock markets; Global; Sub-Saharan Africa; West Africa; East Africa; Africa; EAC region; EAC banking systems; resident representative; Exchange rate flexibility
Cover Departmental Papers
Réforme des subventions énergétiques en Afrique subsaharienne: expériences et enseignements
Mr. Trevor Serge Coleridge Alleyne
and
Mr. Mumtaz Hussain
La réforme des subventions énergétiques est un problème important et difficile pour les pays d’Afrique subsaharienne. Un nombre relativement important d’études théoriques et empiriques ont été consacrées à cette question. Si ce rapport s’inspire de ces études, il examine toutefois plus précisément la situation des pays d’Afrique subsaharienne de manière à répondre aux questions suivantes: pourquoi est-il important de réduire les subventions énergétiques? Quelles sont les difficultés que pose la réforme des subventions énergétiques? Quel est le meilleur moyen de procéder à une telle réforme? Ce rapport se fonde sur diverses sources d’information sur les pays d’Afrique subsaharienne et notamment des évaluations quantitatives, des enquêtes et des études de cas particulières (mais standardisées).
Keywords:
DPPP; DP; fuel subsidy; average cost; retail price; subsidy reform; unit price
Cover Departmental Papers
Energy Subsidy Reform in Sub-Saharan Africa: Experiences and Lessons
Mr. Trevor Serge Coleridge Alleyne
and
Mr. Mumtaz Hussain
The reform of energy subsidies is an important but challenging issue for sub-Saharan African (SSA) countries. There is a relatively large theoretical and empirical literature on this issue. While this paper relies on that literature, too, it tailors its discussion to SSA countries to respond to the following questions: Why it is important to reduce energy subsidies? What are the difficulties involved in energy subsidy reform? How best can a subsidy reform be implemented? This paper uses various sources of information on SSA countries: quantitative assessments, surveys, and individual (but standardized) case studies.
Keywords:
DPPP; DP; fuel subsidy; average cost; retail price; subsidy reform; unit price; SSA country; Energy subsidy; fixed charge; federal government; opportunity cost; Energy subsidies; Fuel prices; Tariffs; Electricity; Inflation; Africa; Sub-Saharan Africa; Middle East and Central Asia; Global; West Africa
Cover Policy Papers
Case Studies on Energy Subsidy Reform—Lessons and Implications - Supplement
International Monetary Fund
This supplement presents country case studies reviewing energy subsidy reform experiences, which are the basis for the reform lessons identified in the main paper. The selection of countries for the case studies reflects the availability of data and of previously documented evidence on country-specific reforms. The 22 country case studies were also chosen to provide cases from all regions and a mix of outcomes from reform. The studies cover 19 countries, including seven from sub-Saharan Africa, two in developing Asia, three in the Middle East and North Africa, four in Latin America and the Caribbean, and three in Central and Eastern Europe and the CIS. The case studies are organized by energy product, with 14 studies of the reform of petroleum product subsidies, seven studies of the reform of electricity subsidies, and a case study of subsidy reform for coal. The larger number of studies on fuel subsidies reflects the wider availability of data and past studies for these reforms. The structure of each case study is similar, with each one providing the context of the reform and a description of the reforms; discussion of the impact of the reform on energy prices or subsidies and its success or failure; mitigating measures that were implemented in an attempt to generate public support for the reform and offset adverse effects on the poor; and, finally, identification of lessons for designing reforms.
Keywords:
PP; exchange rate; fuel price; private sector; rate of return; stabilization fund; subsidy reform; transfer program; reform program; Fuel prices; Tariffs; Inflation; Energy subsidies; Electricity; Africa; Sub-Saharan Africa
Cover IMF Working Papers
The East African Community: Prospects for Sustained Growth
Ms. Catherine McAuliffe
,
Ms. Sweta Chaman Saxena
, and
Mr. Masafumi Yabara
The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries—macroeconomic and government stability, favorable business climate, and strong institutions—but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out. 
Keywords:
WP; EAC country; EAC member; growth acceleration; EAC economy; EAC growth; Accelerated growth; sustained growth; benchmarking; East African Community; sub-Saharan Africa; EAC integration; exchange rate; private sector; common market; Exports; Financial sector; Government debt management; Productivity; Real exchange rates; Africa; Global
Cover Departmental Papers
Tanzania: The Story of an African Transition
Mr. Roger Nord
,
Mr. Yuri V Sobolev
,
Mr. David G. Dunn
,
Alejandro Hajdenberg
,
Mr. Niko A Hobdari
,
Samar Maziad
, and
Stéphane Roudet
This volume documents Tanzania’s remarkable turnaround from severe economic distress in 1985, and reviews the economic policies that twenty years later contributed to a successful reversal. Tanzania still faces many policy and reform challenges, despite the many recent economic achievements the country has experienced.
Keywords:
DPPP; DP; government; exchange rate; local government; enterprise; production function; trade diversion; monetary policy; private sector; foreign exchange; economic growth; Trade balance; Sub-Saharan Africa; Africa; Global; Southern Africa
Cover Policy Papers
The Macroeconomics of Managing Increased Aid Inflows - Experiences of Low-Income Countries and Policy Implications
International Monetary Fund
Investigates the macroeconomic challenges for low-income countries created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, and then applies this framework to the experience of five relatively well-governed countries that experienced a recent surge in aid inflows: Ethiopia, Ghana, Mozambique, Tanzania, and Uganda. Each country’s policies were supported by a PRGF arrangement during most of the period under review.
Keywords:
PP; monetary policy; government spending; current account; treasury bill; aggregate demand; nominal exchange rate; aid inflow; terms of trade; exchange rate appreciation; Real exchange rates; Inflation; Government debt management; Africa
Cover Policy Papers
Review of PRGF Program Design - Overview
International Monetary Fund
Part of the Fund’s periodic reviews of its policy advice to member countries, and responds to calls by Executive Directors for further staff analysis on improving the design of such programs. In the context of the recent discussions on the design of the broad range of Fund-supported programs, Directors also requested more in-depth analytical studies of disaggregated and homogenous groups, as well as a closer look at how progress towards external viability in low-income countries (LICs) can be improved. The review also seeks to address these requests.
Keywords:
PP; private sector; government spending; design issue; nominal exchange rate; exchange rate appreciation; fiscal policy coordination; Inflation; Real exchange rates; Export performance; Sub-Saharan Africa; Asia and Pacific; Global
Cover IMF Staff Country Reports
Haiti: Selected Issues
International Monetary Fund
This Selected Issues paper reviews key trends in Haiti’s fiscal performance over the past decade and discusses various options for strengthening the fiscal system. It suggests that a key challenge will be to generate adequate resources to support development, which requires an increase in outlays on social programs, security, and infrastructure investment to at least the levels observed in other low-income countries. The paper reviews revenue trends and key features of the tax system. It also illustrates that Haiti’s public sector employment is far smaller than in other countries.
Keywords:
ISCR; CR; Haiti; BRH; wage; expenditure; reserve; BRH bond; BRH loss; BRH balance sheet; wage bill; BRH credit; Public employment; Exports; Value-added tax; Civil service; Western Hemisphere; Caribbean; Africa; Asia and Pacific