Uganda: Background Paper on Issues in Financial Sector Reform, and Statistical Appendix

June 21, 1996

Summary

This Background Paper examines issues in Uganda’s financial sector reform. In Uganda, reforms in the financial sector have included the liberalization of interest rates, the development of instruments of indirect monetary control, the modernization of banking legislation, the restructuring of the central bank, and reforms in the commercial banking system. These reforms are aimed at improving monetary management, which would enhance the prospects for achieving stabilization. Ultimately, financial sector reforms will contribute to long-term sustainable growth by mobilizing domestic savings and channeling these resources to the most profitable investment projects.

Subject: Banking, Commercial banks, Distressed institutions, Financial institutions, Loans, Nonperforming loans, Treasury bills and bonds

Keywords: Africa, bank, BOU Export Refinance Scheme, BOU loss, BOU recapitalization, BOU statute, Commercial banks, CR, Distressed institutions, East Africa, excess reserves, government bank, interest rate, ISCR, loan, Loans, monetary management, Nonperforming loans, Sembule bank, treasury bill market, Treasury bills and bonds

Pages:
77
Volume:
1996
DOI:
https://doi.org/10.5089/9781451838602.002
Issue:
051
Series:
Country Report No. 1996/051
Stock No:
1UGAEA0011996
ISBN:
9781451838602
ISSN:
1934-7685

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Notes

This report was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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