IMF Staff Country Reports

Uganda: Selected Issues

September 11, 2024

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Format: Chicago

International Monetary Fund. African Dept. "Uganda: Selected Issues", IMF Staff Country Reports 2024, 291 (2024), accessed November 21, 2024, https://doi.org/10.5089/9798400289293.002

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Summary

This Selected Issues Paper analyzes potential macro-financial risks from cross-sectoral exposures in Uganda by leveraging on the Balance Sheet Approach framework. It presents evidence on the macro-financial linkages in Uganda using the Network Map and Financial Input-Output approaches. On the one hand, the Network Map analysis shows the cross-sectoral exposures in which potential build-up of macro-financial vulnerabilities may arise. On the other hand, the Financial Input-Output tool simulates relevant scenarios in the context of Ugandan economy such as currency depreciation and increases in government interest payments on debt held by banks. The purpose of the scenario exercises is to strengthen the monitoring of the developments in key economic sectors in Uganda. While the banking sector, which dominates the Ugandan financial system, remains fundamentally sound, there are pockets of vulnerabilities resulting from the growing sovereign-bank nexus and cross-border exposures of the Near Field Communication technology sector which require close vigilance.

Subject: Central bank policy rate, Credit, Education, Employment, Exchange rates, Financial services, Foreign exchange, Gender, Gender inequality, Labor, Money, Women

Keywords: Bank credit, Central bank policy rate, Credit, Employment, Exchange rates, Gender inequality, Women

Publication Details

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