An Assessment of the Investment Climate in Uganda
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World Bank, Washington, DC
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The goal of the Investment Climate
Assessment (ICA) of Uganda is to evaluate the investment
climate in Uganda in all its operational dimensions and to
promote policies to strengthen the private sector and
encourage broad-based economic growth. Sustained
improvements in living standards depend on broad-based
growth. Growth will only occur, however, if firms improve
their productivity by investing in human and physical
capital and by increasing their technological capacity. But
firms will only do this when the investment climate is
favorable. Throughout the report, Uganda's investment
climate is compared to the investment climates of three
groups of countries: 1) nearby countries in East Africa
(Kenya, Tanzania, Rwanda and Burundi); 2) middle-income
countries in Sub-Saharan Africa (SSA) that have successfully
diversified out of primary production into other sectors
(Mauritius, South Africa and Swaziland); and 3) several fast
growing countries in East Asia that have also successfully
diversified out of primary production into export-oriented
manufacturing (China, Malaysia, and Thailand). Finally,
infrastructure appears to be a more serious problem for
microenterprises than for Small, Medium-sized or Large
Enterprise (SMLEs). Although the differences in the number
of outages and losses during transportation between
registered microenterprises, unregistered microenterprises,
and SMLEs were small and statistically insignificant, access
does appear to be a more serious problem for microenterprises.
Palabras clave
ACCESS TO BANK, ACCESS TO CREDIT, ACCESS TO FINANCE, ACCESS TO FINANCIAL SERVICES, ACCOUNTING, ADMINISTRATIVE BURDENS, AGRICULTURAL SECTOR, AIR, BANK ACCOUNT, BANK CREDIT, BANK FINANCING, BANK LOAN, BANKING SECTOR, BANKS, BINDING CONSTRAINT, BORROWING, BRANCHES, BROKERS, BUSINESS LOANS, COLLATERAL, COLLATERAL REQUIREMENTS, COMPANY, COMPETITORS, CONSUMER GOODS, CORRUPTION, COUNTRY COMPARISONS, COUNTRY RISK, CREDIT INFORMATION, CREDIT INSTITUTIONS, CREDITOR, CREDITOR RIGHTS, CREDITORS, CURRENCY, DEBT, DEBT CONTRACTS, DEVELOPING COUNTRIES, DOMESTIC MARKET, EARNINGS, ECONOMIC GROWTH, EMPLOYMENT, ENTERPRISE DEVELOPMENT, ENTREPRENEURS, ENTREPRENEURSHIP, EXPANSION, EXPORTERS, FARES, FARMERS, FINANCIAL BURDEN, FINANCIAL COST, FINANCIAL COSTS, FINANCIAL INSTITUTIONS, FIRM PERFORMANCE, FIRMS, FOREIGN MARKETS, FORMAL ECONOMY, FREIGHT, FREIGHT COSTS, FUEL, GLOBAL ECONOMY, GOVERNMENT POLICIES, GOVERNMENT REGULATIONS, GOVERNMENT REVENUES, GOVERNMENT SPENDING, GROSS DOMESTIC PRODUCT, HIGH INTEREST RATES, HIGH TRANSPORTATION, HOUSEHOLDS, ID, INDICATORS OF ACCESS, INFLATION, INFORMAL ECONOMY, INSPECTION, INTERNATIONAL MARKETS, INTERNATIONAL STANDARDS, INTERNATIONAL TRADE, INVESTING, INVESTMENT CLIMATE, INVESTMENT CLIMATES, INVESTMENT OPPORTUNITIES, JOB CREATION, LABOR COSTS, LABOR MARKET, LAND REGISTER, LARGE ENTERPRISE, LEGAL FRAMEWORK, LEGAL SYSTEM, LIMITED ACCESS, LIMITED ACCESS TO FINANCE, LIVING STANDARDS, LOAN, LOCAL GOVERNMENT, MACROECONOMIC ENVIRONMENT, MACROECONOMIC INSTABILITY, MACROECONOMIC STABILITY, MANUFACTURING ENTERPRISES, MICROENTERPRISES, MONETARY FUND, MORTGAGE, NOMINAL INTEREST RATES, OVERDRAFT, OVERDRAFTS, PERSONAL LOANS, PHYSICAL CAPITAL, PRIVATE PARTNERSHIP, PRODUCTIVITY, RAIL, RAIL INFRASTRUCTURE, RAIL LINK, RED TAPE, RETAINED EARNINGS, RISK AVERSION, ROAD, ROADS, RULE OF LAW, SMALL FIRMS, SOURCE OF INFORMATION, TAX, TAX ADMINISTRATION, TAX BURDEN, TAX LAWS, TAX LIABILITY, TAX RATE, TAX RATES, TAXATION, TRADING, TRANSACTION, TRANSPORT, TRANSPORT COSTS, TRANSPORT INFRASTRUCTURE, TRANSPORTATION, TRANSPORTATION COSTS, TRANSPORTATION INFRASTRUCTURE, TRANSPORTATION SERVICES, TRIP, TRUE, URBAN AREAS, VEHICLE, WAGES, WORKING CAPITAL