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

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

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...

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Bibliographic Details
Main Authors:	Cotton, Linda, Ramachandran, Vijaya, Leechor, Chad, Marchat, Jean Michel, Paton, John, Shah, Manju Kedia, Habyarimana, James, Wong, Michael, Kalema, William, Ntale, Charles
Format:	Investment Climate Assessment (ICA)
Language:	English en_US
Published:	World Bank and International Finance Corporation, Washington, DC 2013
Subjects:	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
Online Access:	http://documents.worldbank.org/curated/en/2004/08/6327150/competing-global-economy-investment-climate-assessment-uganda http://hdl.handle.net/10986/14416

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Summary:	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.