{
  "title": "Uganda's Recipe for Growth",
  "publication": "IMF Blog, July 21, 2017",
  "sourceUrl": "https://www.imf.org/en/blogs/articles/2017/07/21/ugandas-recipe-for-growth",
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  "summary": "After two decades of steady growth, Uganda’s economy has slowed, and life for Ugandans is not improving fast enough.",
  "sections": [
    {
      "heading": "Economic slowdown and causes",
      "content": "- After two decades of steady growth, Uganda’s economy has slowed, and life for Ugandans is not improving fast enough.\n- Per capita growth fell to ½ percent from an average of 5 percent for the past 20 years.\n- Contributing factors cited:\n  - Drought in the Horn of Africa\n  - Regional conflict\n  - Slow credit growth"
    },
    {
      "heading": "Oil production and revenue estimates",
      "content": "- Government plans and timeline:\n  - The government is planning to start oil production in 2020, and reap the benefits for almost 30 years.\n- Revenue projections (IMF estimates quoted):\n  - Revenues could range on an annual basis from about ½ percent GDP initially to about 4 percent at peak production.\n- Governance challenge highlighted:\n  - “The challenge that many oil producers face is to manage this well.” (quote)"
    },
    {
      "heading": "Public investment and infrastructure",
      "content": "- IMF view on public investment efficiency:\n  - Focus on picking the right projects, preparing them properly, and executing them properly.\n  - “By picking the right projects, making sure they are prepared the right way and executed properly, at the end of the day, infrastructure investment can give Uganda high growth.” (quote)\n- Policy implication:\n  - Strategic infrastructure investment can help turn the economy around if implemented efficiently."
    },
    {
      "heading": "Revenue collection and tax administration",
      "content": "- Government plans:\n  - The government has plans to increase revenue collection.\n- IMF support:\n  - The IMF has been helping the country improve its tax collection including that of international companies doing business in Uganda.\n- Issue noted:\n  - International companies may structure operations to shift where they pay taxes; countries need to “make sure that companies pay taxes for the activities in your country.” (quote)"
    },
    {
      "heading": "Additional items",
      "content": "- Multimedia and further reading:\n  - A podcast featuring IMF Mission Chief for Uganda, Axel Schimmelpfennig, discusses these topics.\n  - An IMF staff report provides an economic health check of Uganda.\n\nSource: IMF blog post \"Uganda's Recipe for Growth\", The Editors, July 21, 2017.\n\n---\n\n\n References\n\n- https://www.imf.org/wp-content/uploads/2017/07/BLOG-PODCAST-400x275-UGANDA-Hoima-Construction-worker-measures-roofbars-on-new-hospital-James-Akena-Reuters-Newscom-rtrlseven037165.jpg\n- IMF staff report\n- latest economic health check of Uganda\n\nSource: https://www.imf.org/en/blogs/articles/2017/07/21/ugandas-recipe-for-growth"
    }
  ],
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    "[Markdown version](/en/blogs/articles/2017/07/21/ugandas-recipe-for-growth/index.md)",
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    "Authors: The Editors",
    "Published: July 21, 2017",
    "After two decades of steady growth, Uganda’s economy has slowed, and life for Ugandans is not improving fast enough.",
    "Per capita growth fell to ½ percent from an average of 5 percent for the past 20 years.",
    "Contributing factors cited:",
    "Government plans and timeline:",
    "Revenue projections (IMF estimates quoted):",
    "Governance challenge highlighted:",
    "IMF view on public investment efficiency:",
    "Policy implication:",
    "Government plans:",
    "IMF support:",
    "Issue noted:",
    "Multimedia and further reading:",
    "[https://www.imf.org/wp-content/uploads/2017/07/BLOG-PODCAST-400x275-UGANDA-Hoima-Construction-worker-measures-roofbars-on-new-hospital-James-Akena-Reuters-Newscom-rtrlseven037165.jpg](https://www.imf.org/wp-content/uploads/2017/07/BLOG-PODCAST-400x275-UGANDA-Hoima-Construction-worker-measures-roofbars-on-new-hospital-James-Akena-Reuters-Newscom-rtrlseven037165.jpg)",
    "[IMF staff report](http://www.imf.org/en/publications/cr/issues/2017/07/12/uganda-2017-article-iv-consultation-and-eighth-review-under-the-policy-support-instrument-45069)",
    "[latest economic health check of Uganda](http://www.imf.org/en/News/Articles/2017/07/18/NA071817-Ugandas-Infrastructure-Investment-Promise)"
  ],
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