Uganda's Economic Reforms

Uganda's Economic Reforms PDF

Author: Florence Kuteesa

Publisher: OUP Oxford

Published: 2009-12-03

Total Pages: 448

ISBN-13: 0191572233

DOWNLOAD EBOOK →

Following the eight year rule of Idi Amin, then several years of war and civil war, the Ugandan economy was in ruins by the time peace was restored in 1986. Since then Uganda has consistently been one of the fastest growing economies in Africa, leading to a substantial reduction in poverty. Its economic success has attracted considerable attention and has arguably had more influence on development thinking and on the international aid architecture than any other country. The HIPC debt relief initiative, the Paris Declaration on Aid Effectiveness, and the growth of budget support have all been strongly influenced by Ugandan experience and thinking. Ugandan innovations such as poverty reduction strategies, public expenditure tracking surveys, and virtual poverty funds have been widely adopted elsewhere. Most of the reforms which transformed the economy originated within the Uganda government during the 1990s, rather than being imposed through donor conditionality. In this book, for the first time many of the architects of those reforms give their personal accounts of the thinking behind the reforms, how they were implemented, and their impact. Since measures that work well in one environment may fail when transplanted to a different environment, the authors identify factors that were critical to the success of Uganda's reforms. While a number of individual reforms have been the subject of academic study, this book represents the first consolidated account of the economic reforms undertaken by the Uganda government and their impact on growth and poverty reduction.

Uganda

Uganda PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1996-06-21

Total Pages: 78

ISBN-13: 1451838603

DOWNLOAD EBOOK →

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.

Banking in Africa

Banking in Africa PDF

Author: Martin Brownbridge

Publisher: Africa World Press

Published: 1998

Total Pages: 258

ISBN-13: 9780865436930

DOWNLOAD EBOOK →

This book provides a review of the evolution of the post-independence banking system in Africa. There is a strong focus on the problems of restructuring of banking institutions and the management of the bad and non-performing assets of public sector institutions.

Financial Repression is Knocking at the Door, Again

Financial Repression is Knocking at the Door, Again PDF

Author: Mr.Etibar Jafarov

Publisher: International Monetary Fund

Published: 2019-09-30

Total Pages: 66

ISBN-13: 151351248X

DOWNLOAD EBOOK →

Financial repression (legal restrictions on interest rates, credit allocation, capital movements, and other financial operations) was widely used in the past but was largely abandoned in the liberalization wave of the 1990s, as widespread support for interventionist policies gave way to a renewed conception of government as an impartial referee. Financial repression has come back on the agenda with the surge in public debt in the wake of the Global Financial Crisis, and some countries have reintroduced administrative ceilings on interest rates. By distorting market incentives and signals, financial repression induces losses from inefficiency and rent-seeking that are not easily quantified. This study attempts to assess some of these losses by estimating the impact of financial repression on growth using an updated index of interest rate controls covering 90 countries over 45 years. The results suggest that financial repression poses a significant drag on growth, which could amount to 0.4-0.7 percentage points.

One Currency, Two Markets

One Currency, Two Markets PDF

Author: Edwin L.-C. Lai

Publisher: Cambridge University Press

Published: 2021-07-08

Total Pages: 347

ISBN-13: 1108491685

DOWNLOAD EBOOK →

Economic analysis of the future of the international monetary system and the USD, and the rising importance of the RMB.

Financial Sector Development in Africa

Financial Sector Development in Africa PDF

Author: Thorsten Beck

Publisher: World Bank Publications

Published: 2012-12-03

Total Pages: 254

ISBN-13: 0821396293

DOWNLOAD EBOOK →

This edited volume contains eight studies of financial sector challenges in Africa. They discuss expanding access, lengthening contracts, safeguarding finance and implementing financial sector reform in politically difficult environment.

Monetary and Exchange System Reforms in China

Monetary and Exchange System Reforms in China PDF

Author: Mr.Bernard Laurens

Publisher: International Monetary Fund

Published: 1996-09-26

Total Pages: 108

ISBN-13: 9781557755629

DOWNLOAD EBOOK →

In 1978, China embarked on a gradual but far-reaching reform of its economic system. This paper focuses on the achievements so far in reforming the financial sector, the legal framework for financial transactions, the payments system, and the monetary policy and foreign exchange system. It also analyzes the tasks ahead to achieve the goals set in these areas for the year 2000.

Financial Development and Economic Growth

Financial Development and Economic Growth PDF

Author: Mr.Pablo Emilio Guidotti

Publisher: International Monetary Fund

Published: 1992-12-01

Total Pages: 38

ISBN-13: 1451852452

DOWNLOAD EBOOK →

This paper examines the empirical relationship between long–run growth and the degree of financial development, proxied by the ratio of bank credit to the private sector as a fraction of GDP. We find that this proxy enters significantly and with a positive sign in growth regressions on a large cross–country sample, but with a negative sign using panel data for Latin America. Our findings suggest that the main channel of transmission from financial development to growth is the efficiency of investment, rather than its volume. We also present a model where the negative correlation between financial intermediation and growth results from financial liberalization in a poor regulatory environment.