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Author: World Bank Publisher: ISBN: Category : Languages : en Pages :
Book Description
Uganda's economy was recovering well, up until the second wave of COVID-19 infections and subsequent lockdown in mid-2021. Since then, activity has rebounded - much like after the first lockdown - but the country is likely to still face a stop-start recovery until there is wider coverage of the COVID-19 vaccine. Notwithstanding this recovery, there has been a rise in poverty and - with the shift back to agriculture for some workers - an increase in household vulnerabilities. We have also seen a widening of inequalities, which have been most severe in the education sector, where schools have now been fully or partially closed for longer than any other country in the world. As a result, Uganda has a long way to go in its quest to build-back-better. Eighteenth Uganda Economic Update includes the special topic of Putting Women at the Center of Uganda's Economic Revival. In line with the structure of earlier editions of the Uganda Economic Update series, this report reviews recent economic developments - with particular attention paid to the effects of the ongoing COVID-19 pandemic - provides an outlook for the macro-economy, and then delves into the special topic.
Author: World Bank Publisher: ISBN: Category : Languages : en Pages :
Book Description
Uganda's economy was recovering well, up until the second wave of COVID-19 infections and subsequent lockdown in mid-2021. Since then, activity has rebounded - much like after the first lockdown - but the country is likely to still face a stop-start recovery until there is wider coverage of the COVID-19 vaccine. Notwithstanding this recovery, there has been a rise in poverty and - with the shift back to agriculture for some workers - an increase in household vulnerabilities. We have also seen a widening of inequalities, which have been most severe in the education sector, where schools have now been fully or partially closed for longer than any other country in the world. As a result, Uganda has a long way to go in its quest to build-back-better. Eighteenth Uganda Economic Update includes the special topic of Putting Women at the Center of Uganda's Economic Revival. In line with the structure of earlier editions of the Uganda Economic Update series, this report reviews recent economic developments - with particular attention paid to the effects of the ongoing COVID-19 pandemic - provides an outlook for the macro-economy, and then delves into the special topic.
Author: Weltbank Publisher: ISBN: Category : Languages : en Pages :
Book Description
Following decades of sustained economic growth during which Uganda made dramatic progresstowards poverty reduction, the country has recently experienced a period of economic growthslow down. To return to higher rates of economic growth and poverty reduction, the Government mustaddress fundamental constraints. Facing a range of internal and external shocks, Uganda's economy has grown at the average annual rate of 4.5 percent over the past five years, far lower than the historical average of about 7.8 percent. The recent deceleration in growth affected all sectors of the economy. With these lower growth rates, combined with other external shocks to the households, the remarkable progress that Uganda had made towards reducing poverty since 1992 has been reversed. In the period from 1992 to 2013, the national poverty rate declined from 56 percent to 19.7 percent. Since then, it has rebounded, increasing to a preliminary 27 percent. For Uganda to again achieve higher rates of economic growth and poverty reduction, it must address two fundamental factors: its low levels of productivity and the vulnerability if its people to poverty.
Author: World Bank Group Publisher: ISBN: Category : Languages : en Pages :
Book Description
Following decades of sustained economic growth during which Uganda made dramatic progresstowards poverty reduction, the country has recently experienced a period of economic growthslow down. To return to higher rates of economic growth and poverty reduction, the Government mustaddress fundamental constraints. Facing a range of internal and external shocks, Uganda's economy has grown at the average annual rate of 4.5 percent over the past five years, far lower than the historical average of about 7.8 percent. The recent deceleration in growth affected all sectors of the economy. With these lower growth rates, combined with other external shocks to the households, the remarkable progress that Uganda had made towards reducing poverty since 1992 has been reversed. In the period from 1992 to 2013, the national poverty rate declined from 56 percent to 19.7 percent. Since then, it has rebounded, increasing to a preliminary 27 percent. For Uganda to again achieve higher rates of economic growth and poverty reduction, it must address two fundamental factors: its low levels of productivity and the vulnerability if its people to poverty.
Author: Weltbank Publisher: ISBN: Category : Languages : en Pages :
Book Description
The COVID-19 (Coronavirus) pandemic in Uganda has emerged as the most significant adverse shock the global economy has experienced since the Second World War. It has taken a toll on human life and brought major disruption to countries across the globe. As a result, Uganda's economy is expected to slow significantly in 2020 and early 2021, and the outlook on all fronts has deteriorated significantly. There are, however, areas of the economy that have shown resilience and are already adjusting to the current crisis as an opportunity to invent new ways of operating and doing business. Digital technologies offer a chance to unlock new pathways for rapid economic growth, innovation, job creation, and access to services for underserved populations. Digital technologies have the potential to boost productivity and create better jobs in the private sector, including for informal businesses. This report comes at a crucial time with Uganda in the grips of the COVID-19 (Coronavirus) pandemic. Digital solutions have already been significant in responding to the crisis and will be important as Uganda recovers and aims to build-back-better.
Author: World Bank Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
New shocks hit the Ugandan economy in 2022, just as it was recovering as the COVID-19 pandemic waned and related mobility restrictions were fully removed. Commodity price surges and disruptions to trade and supply chains because of the war in Ukraine worsened a global economy that was dragging under the weight of new waves of COVID-19 in some regions and unwinding of stimulus policies. The outlook for Uganda is now one of slower GDP growth with increased vulnerabilities, including in household incomes and food security. The authorities face the challenge to maintain a delicate balance between policies required to support and sustain a growth acceleration and ensuring stability otherwise the start-stop recovery as shocks evolve, will make it impossible for Uganda to build back better.
Author: Weltbankgruppe Publisher: ISBN: Category : Languages : en Pages :
Book Description
The Ugandan economy is recovering from a sharp contraction due to the COVID-19 (coronavirus) shock that had slowed growth to its lowest pace in over three decades. Real GDP growth is estimated to reach above 3 percent during FY21, following the modest recovery of 0.7 percent in the first half of the FY. On a calendar year basis, real GDP had contracted by 1.1 percent in 2020, due to the almost total lockdown that lasted over four months, border closures except for essential cargo, and the spillover effects of the disruption in global demand on Ugandan exports, remittances and foreign direct investments. The services sector was particularly hard hit, contracting by over 3 percent in 2020, with activities in key sectors like education and accommodation and food services largely curtailed for most of the year. As restrictions were loosened, business and trading conditions improved both locally and globally allowing investments to pick up in the last quarter of 2020, with stronger signs of recovery in the manufacturing and construction sectors continuing into the quarter ending March 2021. Growth in agriculture has been sustained through the cash crops sector, which is relatively better than the food crop sector, in the use of improved farming practices to manage weather variability.
Author: World Bank Group Publisher: ISBN: Category : Languages : en Pages :
Book Description
Real GDP growth rebounded strongly to 6.1 percent in FY17/18, from 3.9 percent the previous year. The rebound was largely driven by a pick-up in investments and exports, and on the back of strengthened credit to the private sector and good weather. Consequently, services, particularly information and communications, sustained strong growth, and food crop production recovered. Inper capita terms, however, this rebound translates into a 3.1 percent growth rate, because of the rapidly growing population. Moreover, the heavy reliance on rain-fed and subsistence agriculture drives the volatility in economic growth at the margin, with spillover effects on exportearnings, and a considerable impact on the poor's income. Despite the rebound in economic growth in FY17/18, fiscal revenues stagnated, while the expenditure mix deteriorated further, with excessive current spending and under-execution in capital spending. Current spending exceeded last year's outcome by a striking 1.4 percent of GDP and was above the budgeted amount by 32 percent. At the same time, the larger current spending was not used to finance investments in human capital. Therefore, one of the government's priorities should be to rein in current spending and thereby keep public debt under control. Meanwhile, capital spending was 0.6 percent of GDP lower compared to the year before and fell short of the budgeted amount by 60 percent. Compared to peers, capital spending in Uganda stood at 4.4 percent of GDP in FY17/18, which is less than half the size ofRwanda's capital outlays at 10.3 percent of GDP, and only 60 percent of Kenya's at 7 percent of GDP. Combined with deficiencies in the 'quality at entry' of projects, cost escalations, and poor quality of some completed projects, this under-spending is constraining Uganda's ambitions for rapid growth and socio-economic transformation. Therefore, concerted efforts are required to improve public investment management.
Author: Mark Purdon Publisher: Oxford University Press ISBN: 0197756859 Category : Political Science Languages : en Pages : 314
Book Description
There is ample evidence that engaging developing countries on climate change mitigation would have significant, positive impacts on global climate efforts. There is much debate, however, on the most effective strategy for unlocking these low-cost mitigation opportunities. While the Clean Development Mechanism (CDM) emerged as the main climate finance instrument for engaging developing countries under the Kyoto Protocol, the carbon market approach it embodied would largely be replaced by a new array of climate finance instruments based on climate funds. In The Political Economy of Climate Finance Effectiveness in Developing Countries, Mark Purdon shows that the effectiveness of climate finance instruments to reduce emissions under either strategy has depended on the interaction between prevailing ideas about how to develop a nation's economy, as well as state interests in various economic sectors. Based on multiple field visits over a decade in three countries, the author demonstrates that climate finance instruments have been more effectively implemented when the state treats them as vehicles for addressing priority development issues. Climate finance instruments were more consistently and effectively implemented in Uganda and Moldova than Tanzania, despite differences in state capacity between countries. This pattern held for the CDM, as well as subsequent instruments largely based on climate funds, such as Reducing Emissions from Deforestation and Forest Degradation (REDD+) and other national mitigation actions. Contributing to broader debates on international climate cooperation, Purdon's findings inform international efforts to support national climate plans and catalyze low-carbon development by emphasizing the importance of domestic politics and the state.
Author: Russell Southwood Publisher: Manchester University Press ISBN: 1526154803 Category : Political Science Languages : en Pages : 172
Book Description
Africa wired up provides an important history of how two technologies – mobile calling and internet – were made available to millions of Sub-Saharan Africans and the impact they have had on their lives. The book deals with the political challenges of liberalization and privatization that needed to be in place to get these technologies built. It analyses how the mobile phone fundamentally changed communications in Sub-Saharan Africa and the ways Africans have made these technologies part of their lives. It examines critically the technologies’ impact on development practices and the key role development actors played in accelerating things like regulatory reform, fibre roll-out and mobile money. The book considers how corruption in the industry is a prism through which patronage relationships in Government can be understood. The arrival of a start-up ecosystem has the potential to break these relationships and offer a new wave of investment opportunities. The author seeks to go beyond the hype to make a provisional assessment of the kinds of changes that have happened over three decades. It examines how and why these technologies became transformative and seem to have opened out a very different future for Sub-Saharan Africa.
Author: World Bank
Author: World Bank
Author: Weltbank
Author: World Bank Group
Author: 
Author: Weltbank
Author: World Bank
Author: Weltbankgruppe
Author: World Bank Group
Author: Mark Purdon
Author: Russell Southwood