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Uganda: Background Paper on Issues in Financial Sector Reform, and Statistical Appendix
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1996: Issue 051
Language:
English
Publication Date:
21 Jun 1996
DOI:
https://doi.org/10.5089/9781451838602.002
ISBN:
9781451838602
ISSN:
1934-7685
Pages:
77
Keywords:
ISCR; CR; bank; monetary management; loan; excess reserves; BOU recapitalization; government bank; BOU statute; treasury bill market; BOU loss; interest rate; Sembule bank; BOU Export Refinance Scheme; Commercial banks; Treasury bills and bonds; Nonperforming loans; Loans; Distressed institutions; Africa; East Africa
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This Background Paper examines issues in Uganda’s financial sector reform. In Uganda, reforms in the financial sector have included the liberalization of interest rates, the development of instruments of indirect monetary control, the modernization of banking legislation, the restructuring of the central bank, and reforms in the commercial banking system. These reforms are aimed at improving monetary management, which would enhance the prospects for achieving stabilization. Ultimately, financial sector reforms will contribute to long-term sustainable growth by mobilizing domestic savings and channeling these resources to the most profitable investment projects.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund