Uganda: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 172

Publication date: May 2005

ISBN: 9781451838749

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Inflation , Economics- Macroeconomics , ISCR , CR , Uganda , bank , TFP growth , high-productivity sector , exchange rate appreciation , sterilization operations , technical efficiency , financing cost , asset quality , capital base , risk portfolio , lending market , term financing , interest rate spread , low-productivity sector , price objective , growth prospect , forecast inflation , Total factor productivity , Inflation , Productivity , Commercial banks , Production growth , Sub-Saharan Africa

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Summary

This Selected Issues paper analyzes the underlying sources of growth in Uganda, suggesting that the contribution to growth from total factor productivity has been minor, while the high population growth poses a significant challenge to sustain a rapid improvement in living standards. The paper takes a closer look at the monetary transmission mechanisms in Uganda, aimed at assessing the appropriate choice of intermediate target and mix of liquidity sterilization instruments. It also focuses on the recent financial sector reforms undertaken by the government.