Competing in the Global Economy : An Investment Climate Assessment for Uganda

Cotton, Linda; Ramachandran, Vijaya; Leechor, Chad; Marchat, Jean Michel; Paton, John; Shah, Manju Kedia; Habyarimana, James; Wong, Michael; Kalema, William; Ntale, Charles

Competing in the Global Economy : An Investment Climate Assessment for Uganda

Autores

Editor

World Bank and International Finance Corporation, Washington, DC

Descripción

Uganda's economic growth since the late 1980s has resulted largely from restoring and rehabilitating the country's productive capacity. Going forward, growth will need to come increasingly from new investments or new activities. That will require more investment, more intensive acquisition of know-how, and more complex collaboration between local and foreign partners. It will also require a far greater role for private sector investment. While Uganda has benefited enormously from development assistance for almost two decades, foreign aid may decline in the next decade. Indeed, Uganda must accelerate private sector investment and growth if it is to achieve the goals set out in its Poverty Eradication Action Plan. To reduce the poverty rate to 10 percent by 2017, GDP growth will have to exceed 7 percent a year, requiring an investment rate of 30 percent or more of GDP. Attaining these targets will be feasible only with reforms to promote private investment.

Palabras clave

ACCOUNTABILITY, ACCOUNTING, ACCOUNTING STANDARDS, ADMINISTRATIVE COSTS, AGRICULTURE, ALLOCATIVE EFFICIENCY, ANNUAL SALES, APPROPRIATIONS, BANK LOANS, BANKING SECTOR, BANKING SYSTEM, BANKS, BENCHMARKS, BUDGET EXECUTION, BUDGET MONITORING, CAPACITY BUILDING, CAPACITY UTILIZATION, CAPITAL FLIGHT, CAPITAL FLOWS, CAPITAL FORMATION, CAPITAL NEEDS, CIVIL SERVICE, COMPETITIVE MARKETS, COMPETITIVENESS, CONSUMERS, COST OF CAPITAL, CREDIT RATINGS, CREDITWORTHINESS, CROWDING OUT, DEBT, DEBT RELIEF, DEVELOPMENT ASSISTANCE, DIVIDENDS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC PERFORMANCE, ECONOMIC POLICIES, ECONOMIC RECOVERY, ECONOMIC REFORM, ELECTRICITY, ELECTRICITY GENERATION, EMPLOYMENT, ENTREPRENEURSHIP, EXCHANGE RATE, EXCHANGE RATES, EXCISE TAXES, EXPENDITURES, EXPORTS, EXTERNALITIES, FACTOR MARKETS, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL MARKETS, FINANCIAL SECTOR, FINANCIAL SERVICES, FISCAL DISCIPLINE, FISCAL POLICY, FIXED ASSETS, FOREIGN CAPITAL, FOREIGN COMPANIES, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN FIRMS, FOREIGN INVESTMENT, FOREIGN INVESTORS, GDP, GROWTH, HUMAN CAPITAL, IMPORTS, INCOME, INEFFICIENCY, INFLATION, INSURANCE, INTEREST RATES, INVESTMENT, INVESTMENT CLIMATE, INVESTMENT CLIMATE ASSESSMENT, INVESTMENT CODE, INVESTMENT ENVIRONMENT, INVESTMENT NEEDS, INVESTMENT RATE, INVESTMENT RATES, INVESTOR CONFIDENCE, LABOR COSTS, LABOR FORCE, LABOR PRODUCTIVITY, LABOR UNIONS, LARGE PUBLIC ENTERPRISES, LAWS, LEGAL FRAMEWORK, LEGISLATION, LICENSES, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, MACROECONOMIC STABILITY, MATURITIES, NATIONAL INCOME, NEW ENTRANTS, PENSIONS, PER CAPITA INCOME, PRIVATE INVESTMENT, PRIVATE SECTOR, PRIVATE SECTOR INVESTMENT, PRIVATIZATION, PRODUCERS, PRODUCTION FUNCTION, PRODUCTIVITY, PRODUCTIVITY GROWTH, PUBLIC, PUBLIC ENTERPRISES, PUBLIC INVESTMENT, PUBLIC PROCUREMENT, PUBLIC SECTOR, PUBLIC SERVICE, PURCHASING POWER, QUALITY STANDARDS, RATE OF INVESTMENT, RATING SERVICES, REAL GDP, REGRESSION ANALYSIS, REGULATORY BURDEN, REGULATORY FRAMEWORK, REGULATORY POLICY, RESOURCE ALLOCATION, RESOURCE MOBILIZATION, ROADS, SOCIAL SERVICES, STRATEGIC INVESTORS, TAX, TAX ADMINISTRATION, TAX CREDITS, TAX LAWS, TAX RATES, TAXATION, TELECOMMUNICATIONS, TOTAL FACTOR PRODUCTIVITY, TRADE BARRIERS, TRADE CREDIT, TRANSPARENCY, TRANSPORT, TREASURY, TREASURY BILLS, UTILITIES, VALUE ADDED, WAGE DIFFERENTIALS, WAGES, WASTE DISPOSAL, WASTE DISPOSAL TAXES, WEALTH, WORKING CAPITAL