Publication:
Uganda Economic Update, June 2014 : Reducing Old Age and Economic Vulnerabilities

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dc.contributor.authorWorld Bank
dc.date.accessioned2014-06-24T21:29:35Z
dc.date.available2014-06-24T21:29:35Z
dc.date.issued2014-06
dc.description.abstractThis is the fourth edition of the Uganda Economic Update series. As with previous editions, this update first provides information related to the current state of the economy before focusing on a particular subject of importance. The special focus of this issue concerns how pensions can reduce vulnerabilities at both individual and macroeconomic levels. The Ugandan economy has continued the process of recovery, growing by 5.9 percent during the first half of FY2013 and FY2014 amidst droughts, disruptions related to civil unrest in South Sudan, and aid cuts. Eight consecutive quarters of positive growth since the slump in FY2011 and FY2012 confirm that the economy has returned on the strong growth path and may reach a rate of growth of 6.0 percent per annum in FY2013 and FY2014. The positive outlook is subject to risks, key among which will be those emanating from its fiscal management regime due to continuous low revenue collection and reduction of aid to Uganda; increased spending pressures in the advent of the 2016 elections, and accelerating public investments amidst gaps in public investment efficiency. In addition, given its recently increased dependency on the South Sudan market for its exports, the protracted crisis in South Sudan could have severe consequences to the Ugandan economy. In that context, a coherent policy of social protection, including for the elderly, can promote social transformation and accelerate economic development. An effective social protection system is needed to protect vulnerable groups from negative shocks such as loss of employment, death of bread winner, or bad weather. Achieving the vision of a transformed Uganda means addressing vulnerabilities at both individual and at country levels. Uganda is already taking steps to start building an effective pension system, but challenges remain in ensuring transparent and proper governance of the pension funds; achieving efficiency objectives, building up the institutional capacity, and managing the fiscal pressures due to expenses to existing pensions and the new public pension scheme at the same time. Well designed and managed pension systems can contribute significantly to the country's ongoing transformation.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/06/19705558/reducing-old-age-economic-vulnerabilities-uganda-improve-pension-system
dc.identifier.doi10.1596/18731
dc.identifier.urihttps://hdl.handle.net/10986/18731
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesUganda economic update;no. 4
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectADVERSE EFFECTS
dc.subjectALTERNATIVE INVESTMENTS
dc.subjectARREARS
dc.subjectAUDITS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK RATE
dc.subjectBORROWER
dc.subjectBORROWING REQUIREMENTS
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL GAINS
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCIVIL SERVICE
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANK CREDIT
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL BORROWING
dc.subjectCOMMERCIAL LENDING
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICES
dc.subjectCONSUMER PRICE INDEX
dc.subjectCORPORATE TAXES
dc.subjectCREDIT GROWTH
dc.subjectCREDIT RATINGS
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectDEBT
dc.subjectDEBT LEVEL
dc.subjectDEBT LEVELS
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT SOURCE
dc.subjectDEBT STOCK
dc.subjectDEMOGRAPHIC
dc.subjectDEMOGRAPHIC CHANGES
dc.subjectDEPOSIT
dc.subjectDEPOSIT RATES
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISBURSEMENTS
dc.subjectDIVIDEND
dc.subjectDIVIDENDS
dc.subjectDOMESTIC BORROWING
dc.subjectDOMESTIC CAPITAL
dc.subjectDOMESTIC CAPITAL MARKET
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC ECONOMY
dc.subjectDOMESTIC INTEREST RATES
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC SECURITY
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC REFORMS
dc.subjectEMPLOYMENT
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT MARKET
dc.subjectEXPOSURE
dc.subjectEXTERNAL BORROWING
dc.subjectEXTERNAL FINANCING
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEEPENING
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SAVINGS
dc.subjectFISCAL BURDEN
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL POLICY
dc.subjectFIXED INVESTMENT
dc.subjectFOOD PRICE
dc.subjectFOOD PRICES
dc.subjectFOREIGN ASSETS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN EXCHANGE TRANSACTIONS
dc.subjectFOREIGN INTEREST
dc.subjectFOREIGN MARKETS
dc.subjectFRAUD
dc.subjectGLOBAL MARKETS
dc.subjectGOVERNMENT BORROWING
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT SAVINGS
dc.subjectGOVERNMENT SPENDING
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectINCOME
dc.subjectINCOMES
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION RATES
dc.subjectINFLATION TARGETING
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATES
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BEST PRACTICES
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL RESERVES
dc.subjectINVESTING
dc.subjectINVESTMENT ALLOCATIONS
dc.subjectINVESTMENT CAPABILITIES
dc.subjectINVESTMENT GUIDELINES
dc.subjectINVESTMENT MANAGEMENT
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT SPENDING
dc.subjectISSUANCE
dc.subjectISSUANCE OF GOVERNMENT SECURITIES
dc.subjectLEVEL OF COMMITMENT
dc.subjectLIBERALIZATION
dc.subjectLIQUIDITY
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL ECONOMY
dc.subjectLOCAL SECURITY
dc.subjectLONG-TERM FINANCE
dc.subjectMACRO-STABILITY
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC LEVELS
dc.subjectMARKET INTEREST
dc.subjectMARKET INTEREST RATES
dc.subjectMARKET PRICES
dc.subjectMDAS
dc.subjectMISMANAGEMENT
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectMONEY MARKET
dc.subjectNATURAL DISASTERS
dc.subjectNATURAL RESOURCES
dc.subjectNOW ACCOUNTS
dc.subjectOIL RESERVES
dc.subjectOIL RESOURCES
dc.subjectOPEN MARKET
dc.subjectOPEN MARKET OPERATIONS
dc.subjectOUTPUT
dc.subjectOUTSTANDING CREDIT
dc.subjectPAYMENT SYSTEM
dc.subjectPENSION
dc.subjectPENSION ASSETS
dc.subjectPENSION FUNDS
dc.subjectPENSION LIABILITIES
dc.subjectPENSION REFORM
dc.subjectPENSION REFORMS
dc.subjectPENSION SYSTEM
dc.subjectPENSION SYSTEMS
dc.subjectPENSIONS
dc.subjectPOLICY RESPONSE
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPORTFOLIO INVESTMENTS
dc.subjectPRICE VOLATILITY
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRIVATE PENSION
dc.subjectPRIVATE PENSIONS
dc.subjectPRIVATE SECTOR CREDIT
dc.subjectPRODUCTIVE INVESTMENTS
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DEBT STOCK
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC PENSION
dc.subjectPUBLIC PENSIONS
dc.subjectPUBLIC POLICIES
dc.subjectPUBLIC SECTOR BORROWING
dc.subjectPUBLIC SPENDING
dc.subjectRATE OF GROWTH
dc.subjectRATING AGENCIES
dc.subjectRECURRENT EXPENDITURE
dc.subjectREGULATOR
dc.subjectREGULATORY AUTHORITY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREMITTANCES
dc.subjectREPLACEMENT RATE
dc.subjectRETIREMENT
dc.subjectRETURN
dc.subjectREVENUE MOBILIZATION
dc.subjectSAFETY NET
dc.subjectSCANDAL
dc.subjectSCANDALS
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SAFETY NET
dc.subjectSOVEREIGN DEBT
dc.subjectSTABLE LOCAL CURRENCY
dc.subjectSUBSIDIARY
dc.subjectSUPPLY SHOCKS
dc.subjectTAX
dc.subjectTAX CODES
dc.subjectTAX COMPLIANCE
dc.subjectTAX EXEMPTIONS
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTELECOMMUNICATIONS
dc.subjectTIMELY PAYMENT
dc.subjectTRADE BALANCE
dc.subjectTRADING
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTREASURY
dc.subjectVALUE ADDED TAXES
dc.subjectWATER SUPPLY
dc.subjectWITHDRAWAL
dc.subjectWORLD ECONOMIES
dc.titleUganda Economic Update, June 2014 : Reducing Old Age and Economic Vulnerabilitiesen
dspace.entity.typePublication
okr.date.disclosure2014-06-24
okr.date.doiregistration2025-05-07T10:59:21.870012Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2014/06/19705558/reducing-old-age-economic-vulnerabilities-uganda-improve-pension-system
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid564271468317945605
okr.identifier.externaldocumentum000442464_20140624122421
okr.identifier.internaldocumentum19705558
okr.identifier.report88683
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/06/24/000442464_20140624122421/Rendered/PDF/886830REVISED00c0Update004th00final.pdfen
okr.region.administrativeAfrica
okr.region.countryUganda
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.sectorFinance
okr.sectorIndustry and trade :: Other industry
okr.themePublic sector governance
okr.themeFinancial and private sector development
okr.themeSocial protection and risk management :: Social safety nets
okr.themeSocial dev/gender/inclusion
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicBanks and Banking Reform
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitAFT: PREM 5 (AFTP5)
okr.volume1 of 1
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