Front Matter Page
© 1999 International Monetary Fund
October 1999
IMF Staff Country Report No. 99/116
Uganda: Selected Issues and Statistical Appendix
This Selected Issues and Statistical Appendix report on Uganda was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Uganda or the Executive Board of the IMF.
Copies of this report are available to the public from
International Monetary Fund • Publication Services
700 19th Street, N.W. • Washington, D.C. 20431
Telephone: (202) 623-7430 • Telefax: (202) 623-7201
Telex (RCA): 248331 IMF UR
E-mail: publications@imf.org
Internet: http://www.imf.org
Price: $15.00 a copy
International Monetary Fund
Washington, D.C.
Front Matter Page
INTERNATIONAL MONETARY FUND
UGANDA
Selected Issues and Statistical Appendix
Prepared by a Staff Team on Uganda
Approved by the African Department
August 10, 1999
Contents
I. Poverty and Social Development in Uganda
A. Introduction
B. Recent Poverty and Inequality Trends
C. Trends in Welfare Indicators
D. Risk, Vulnerability, and Coping Mechanisms
E. Macroeconomic Policies, Growth, Structural Reform, and Poverty
F. Government Response
National policies for poverty reduction
Promoting broad-based growth
Decentralization and governance
G. Conclusion
Figures
1. Real, Per Capita Health and Education Expenditures, 1988/89–1997/98
Text Boxes
1. Redefining Poverty in Uganda
2. Nature of Poverty in Uganda
3. Policies to Promote the Empowerment of Women
Text Tables
1. Poverty in Uganda, 1992/93–1996/97
2. Inequality in Uganda, 1992/93–1996/97
3. Nonmonetary Poverty Indicators
4. Occupational Distribution of the Labor Force in Uganda
5. Health and Education Expenditure Indicators, 1988/89–1997/98
6. Changes in Per Capital Health and Education Expenditure, 1988/89–1997/98
7. Social Expenditures, 1995/96–1998/99
8. HIV Infection Rates in Antenatal Clinic Attendees, 1991–97
II. Uganda’s Financial Sector
A. Overview of Institutional and Regulatory Changes
Deposit insurance
Loan recovery
B. Current Situation of the Main Segments of the Financial Sector
Commercial banks
Supervisory interventions
Nonbank financial institutions
C. Conclusions
Figures
2. Broad Money (M2)/GDP, 1993–98
3. Commercial Bank Market Share, March 1999
4. Commercial Bank Return on Assets, 1996:Q1–1999:Q1
5. Banking System Capital, 1996:Q3–1999:Q1
Text Boxes
4. Privatization of the Uganda Commercial Bank
5. Interventions by the Bank of Uganda 1998
6. Bank of Uganda Intervention in the Cooperative Bank, 1998–99
Text Tables
9. Financial Sector, end-December 1998
10. Financial Sector Legislation
11. Financial Sector Regulation
12. Transactions of Deposit Insurance Fund, 1994–February 1999
13. Concentration of the Commercial Banking Sector, 1995–98
14. Commercial Bank Market Share, End-December 1998
III. Net Subsidies to Public Enterprises in Uganda
A. Definition of Net Subsidies
B. Net Subsidies to PEs in Uganda
Uganda Railways Corporation (URC)
Uganda Commercial Bank (UCB)
Uganda Electricity Board (UEB)
Uganda Posts and Telecommunications Corporation (UPTC)
National Water and Sewerage Corporation (NWSC)
C. Conclusion
Text Tables
15. Net Subsidies to Public Enterprises, 1992/93–1997/98
16. Social Expenditures and Net Subsidies to Public Enterprises, 1994/95–1997/98
17. Net Subsidies to the Largest Public Enterprises, 1992/93–1997/98
IV. Tax Policy and Administration Reforms, 1994/95–1998/99
A. Tariff reform
B. Impact of the Value-Added Tax
C. Reform of Income Taxation
D. Other Changes in Tax Regulations
Figures
6. Tax Revenue, 1993/94–1998/99
7. Effective Duty Rates and Non-COMESA Rate Spread, 1993/94–1998/99
8. Imports and Import-Based Revenue, 1993/94–1998/99
9. Income Taxes, 1993/94–1998/99
Text Tables
18. Tax Revenue and Import Commission, 1993/94–1998/99
19. Import Duty Rates, 1993/94–1998/99
20. Sales Tax, Commercial Transactions Levy, and VAT, 1995/96–1998/99
V. Developments in Uganda’s Export Sector
A. Composition of Exports
B. Growth of Exports
C. Prospects
Figures
10. Ratio of Exports to GDP, 1994/95–1998/99
11. Real Growth of Exports and GDP, 1994/95–1998/99
12. Composition of Exports, 1994/95–1998/99
13. Noncoffee Exports, 1994/95–1998/99
14. Terms of Trade and Real Effective Exchange Rate, 1993/94–1998/99
15. Uganda and Neighboring Countries: Real Effective Exchange Rates, 1993/94–1998/99
Text Boxes
7. External Debt Developments
Text Tables
21. Export Indicators, 1994/95–1998/99
22. Exports, 1994/95–1998/99
23. External Debt Outstanding, 1994–98
24. External Payments Arrears, 1994–99
Statistical Appendix Tables
25. Gross Domestic Product by Industry at Current Prices, 1992/93–1998/99
26. Gross Domestic Product by Industry at Constant 1991 Prices, 1992/93–1998/99
27. Gross Domestic Product by Expenditure at Current Prices, 1992/93–1998/99
28. Gross Domestic Product by Expenditure Shares at Current Prices, 1992/93–1998/99
29. Growth of Gross Domestic Product by Sector at Constant 1991 Prices, 1992/93–1998/99
30. Composite Consumer Price Index, January 1993–June 1999
31. Cultivated Areas and Production of Selected Food Crops, 1993–98
32. Average Producer Prices for Principal Cash Crops, 1993–98
33. Estimates of Livestock Population and Milk Production, 1992–97
34. Fish Production by Region, 1992–98
35. Total Production of Roundwood Timber and Charcoal, 1993–98
36. Metered Rates for the National Water and Sewerage Corporation, 1993–98
37. Electricity Capacity and Generation, 1993–98
38. Electricity Sales by Electricity Board, 1993–98
39. Transport and Communications, 1992–98
40. Pump Prices for Petroleum Products, March 1991–January 98
41. Index of Industrial Production, Annual Summary for Groups and Subgroups, 1992–98
42. Production of Selected Manufactured Commodities, 1992–98
43. Average Market Prices for Selected Consumer Goods, 1993–98
44. Central Government Budgetary Operations, 1993/94–1997/98
45. Government Revenue, 1992/93–1997/98
46. Government Recurrent Expenditure, 1994/95–1997/98
47. Government Securities Outstanding by Holders, June 1992–December 1998
48. Monetary Survey at Current Exchange Rates, June 1993–December 1998
49. Summary Accounts of the Bank of Uganda, June 1993–December 1998
50. Summary Accounts of the Commercial Banks, June 1993–December 1998
51. Structure of Interest Rates, 1993–98
52. Commercial Banks’ Advances to the Private Sector by Economic Activity, June 1993–December 1998
53. Balance of Payments, 1992/93–1997/98
54. Merchandise Exports and Imports, 1992/93–1997/98
55. External Trade Indices, 1992/93–1997/98
56. Bank of Uganda and Bureau Exchange Rates, 1993–98
57. Coffee Export Price, Volume, and Value, 1993–98
58. External Debt Outstanding, 1993–98
59. Summary of the Tax System, as of June 1, 1999