Uganda Economic Update, February 2015

World Bank

Uganda Economic Update, February 2015

Autores

World Bank

Editor

Washington, DC

Descripción

This Fifth Edition of the Uganda Economic Update presents evidence that if the urbanization process is well managed, it has the potential to stimulate economic growth and to provide productive jobs for a greater proportion of Uganda s young and rapidly expanding population. In many countries across the world, the growth of cities has stimulated the establishment and expansion of productive businesses by reducing the distance between suppliers and customers. The growth of cities has also facilitated provision of social services and infrastructure through economies of scale. These positive effects from urbanization are already visible in Uganda since the poverty rate is seven percentage points lower in urban areas than in rural areas. Most of the recent job creation is found in cities, and social indicators are also better in urban areas, especially in education and health. This report conveys the following key messages: (1) over the past 12 years, the number of people living in Uganda s urban areas has been increasing by an average of 300,000 people per year, (2) during the past few decades, similarly rapid rates of urbanization have been recorded in many emerging countries, (3) as is the case in many other developing countries, the prospects of good jobs, higher incomes and better living conditions in the cities continue to attract Ugandans from rural areas, (4) currently, the opportunity presents itself for Uganda to leverage urbanization to benefit a large proportion of the population, and (5) through the implementation of smart policies, Uganda can ensure that its cities are both competitive and livable.

Palabras clave

ACCESS TO CREDIT, ACCESS TO SERVICES, ACCOUNTABILITY, ACCOUNTING, ADVERSE CONSEQUENCES, AGRICULTURAL SECTOR, AGRICULTURE, AMORTIZATION, ARREARS, BALANCE OF PAYMENTS, BANK FINANCING, BANK RATE, BASE YEAR, CAPACITY CONSTRAINTS, CAPITAL EXPENDITURES, CAPITAL GAINS, CAPITAL INFLOWS, CENTRAL BANK, COMMERCIAL BANK, COMMERCIAL BANKS, COMMODITY PRICES, COMPETITIVENESS, CONSUMER GOODS, CONSUMER PRICE INDEX, CONSUMERS, CONSUMPTION LEVELS, CREDIBILITY, CREDIT SOURCE, CURRENT ACCOUNT, CURRENT ACCOUNT DEFICIT, CURRENT PRICES, DEBT BURDEN, DEBT RATIOS, DEBT RELIEF, DEBT SERVICE, DEBT SOURCE, DEBT-SERVICE, DEFICITS, DEMOGRAPHIC FACTORS, DEVELOPING COUNTRIES, DEVELOPMENT ASSISTANCE, DEVELOPMENT PROJECTS, DISBURSEMENTS, DISECONOMIES OF SCALE, DOMESTIC ARREARS, DOMESTIC BORROWING, DOMESTIC CAPITAL, DOMESTIC CAPITAL MARKET, DOMESTIC CREDIT, DOMESTIC DEBT, DOMESTIC MARKET, DURABLE, ECONOMIC ACTIVITIES, ECONOMIC ACTIVITY, ECONOMIC CRISIS, ECONOMIC DEVELOPMENT, ECONOMIC DEVELOPMENTS, ECONOMIC EXPANSION, ECONOMIC GROWTH, ECONOMIC OPPORTUNITIES, ECONOMIC OUTLOOK, ECONOMIC PERFORMANCE, ECONOMIC SECTORS, ECONOMIC VALUE, ECONOMIES OF SCALE, EMERGING ECONOMIES, ENTREPRENEURS, EQUIPMENT, EXCHANGE RATE, EXPENDITURE, EXPENDITURES, EXPLOITATION, EXPORT EARNINGS, EXPORTS, EXTERNAL BORROWING, EXTERNAL DEBT, EXTERNAL FINANCING, EXTREME POVERTY, FACTORING, FEDERAL RESERVE, FINANCIAL DEPTH, FINANCIAL RESOURCES, FISCAL DEFICIT, FISCAL FRAMEWORK, FISCAL POLICIES, FISCAL POLICY, FORECASTS, FOREIGN CURRENCY, FOREIGN CURRENCY LOANS, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN EXCHANGE MARKETS, FOREIGN EXCHANGE RESERVES, FOREIGN INTEREST, GDP, GLOBAL ECONOMY, GOVERNMENT DEBT, GOVERNMENT EXPENDITURE, GOVERNMENT FINANCES, GOVERNMENT INVESTMENT, GOVERNMENT SAVINGS, GOVERNMENT SECURITIES, GROSS DOMESTIC PRODUCT, GROWTH POTENTIAL, GROWTH RATE, HEALTH SERVICES, HIGH INTEREST RATES, HOUSEHOLD INVESTMENT, HOUSEHOLDS, HOUSING, HUMAN CAPITAL, INCOME, INCOME TAXES, INFLATION, INFLATION RATE, INFLATION RATES, INFLATIONARY PRESSURES, INFRASTRUCTURE DEVELOPMENT, INFRASTRUCTURE INVESTMENTS, INSTITUTIONAL REFORMS, INTEREST PAYMENTS, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCE, INTERNATIONAL MARKETS, INTERNATIONAL STANDARD, INTERNATIONAL STANDARDS, INTERNATIONAL TRADE, INVESTING, INVESTMENT FLOWS, INVESTMENT PLANS, INVESTMENT PROJECTS, INVESTMENT SPENDING, ISSUANCE, ISSUANCE OF GOVERNMENT SECURITIES, JOB CREATION, LAND MARKETS, LAND POLICIES, LAND USE, LIVING STANDARDS, LOAN, LOCAL CURRENCY, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, M2, MACRO-STABILITY, MACROECONOMIC ENVIRONMENT, MACROECONOMIC MANAGEMENT, MACROECONOMIC STABILITY, MACROECONOMICS, MICRO ENTERPRISES, MIDDLE INCOME COUNTRY, MIGRATION, MONETARY FUND, MONETARY POLICY, MORTGAGE, NDP, NON-PERFORMING LOANS, OIL PRICES, OIL RESOURCES, OUTSTANDING CREDIT, PER CAPITA INCOME, PERSONAL LOANS, PORTFOLIO, PORTFOLIO FLOWS, PORTFOLIO INVESTMENT, PORTFOLIO INVESTMENTS, POSITIVE EFFECTS, POTENTIAL INVESTORS, PRICE VOLATILITY, PRIVATE INVESTMENT, PRIVATE SECTOR CREDIT, PRIVATE SECTOR DEBT, PRODUCTIVE CAPITAL, PRODUCTIVITY, PUBLIC DEBT, PUBLIC DEBT STOCK, PUBLIC INVESTMENT, PUBLIC INVESTMENTS, PUBLIC POLICY, PUBLIC SERVICES, PUBLIC SPENDING, PUSH FACTORS, RATES OF INFLATION, REAL ESTATE, REAL GDP, RECEIPTS, RECESSION, RECURRENT EXPENDITURE, RECURRENT EXPENDITURES, REFUGEES, REGULATORY AUTHORITY, REMITTANCES, RESERVES, RETURN, RETURNS, REVENUE MOBILIZATION, SECURITIES, SHORT MATURITY, SOCIAL DEVELOPMENT, SOCIAL SERVICES, SUBSIDIARY, TAX, TAX COLLECTION, TAX REGIME, TAX REVENUES, TAXATION, TOTAL DEBT, TOTAL REVENUE, TRADE BALANCE, TRADE DEFICIT, TRANSPORT, TRANSPORTATION INFRASTRUCTURE, UNEMPLOYMENT, UNION, URBAN AREAS, URBAN DEVELOPMENT, URBAN GROWTH, URBANIZATION, VALUE ADDED, WAGES, WOMAN