Uganda: Selected Issues

International Monetary Fund

No 2009/037, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on Uganda discusses the progress toward harmonization of capital account regulations and capital market integration. A unified East African Community financial market would offer several benefits to the regional economy. It would expand the opportunities for savings and investment financing, encourage more competition among banks and financial institutions, and lower transaction costs through economies of scale. Greater diversification, risk management, and consumption smoothing would also be possible in a broader financial market, while monetary union would eliminate exchange rate risk within the region.

Keywords: ISCR; CR; market; Kenya; Uganda; Tanzania; financial market; exchange rate; market capitalization; short term; foreign exchange; capital account; monetary policy; EAC country; long-term debt; EAC member; EAC market; Capital markets; Capital account; Stock markets; Capital account liberalization; Global (search for similar items in EconPapers)
Pages: 33
Date: 2009-02-03
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Citations: View citations in EconPapers (5)

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