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Uganda Economic Update, Edition 24: Investing in Early Childhood Development for Transformation of Human Capital in Uganda

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dc.contributor.authorWorld Bank
dc.date.accessioned2025-03-04T22:03:03Z
dc.date.available2025-03-04T22:03:03Z
dc.date.issued2025-03-04
dc.description.abstractThe Ugandan economy continues to demonstrate resilience. Inflation in Uganda has significantly decreased, falling below the central bank’s target. On the external side, the current account deficit remained high despite some moderation due to improved merchandise trade performance. Fiscal consolidation efforts continue but need more focus on domestic revenue mobilization (DRM) to mitigate negative impacts on priority expenditures like human capital investment. The medium-term outlook for Uganda remains broadly positive, with significant downside risks. Human capital - the knowledge, skills, and physical health that enable people to be productive - will play a pivotal role in improving Uganda’s long term potential growth, especially for creating more jobs in non-oil sectors. The special topic of Uganda Economic Update (UEU) 24 focuses on the critical importance of early childhood development (ECD) for Uganda’s present and future prosperity. Early childhood is the most critical period for human capital formation, because this is when people acquire fundamental cognitive, social, and emotional skills that are essential for future productivity. Given the rapid pace of brain development in early life, investments in ECD are more effective and cost-efficient than attempting to make up for missed opportunities later.en
dc.identifierhttp://documents.worldbank.org/curated/en/099021925054528994
dc.identifier.doi10.1596/42909
dc.identifier.urihttps://hdl.handle.net/10986/42909
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectMERCHANDISE TRADE PERFORMANCE
dc.subjectFISCAL CONSOLIDATION
dc.subjectDOMESTIC REVENUE MOBILIZATION (DRM)
dc.subjectHUMAN CAPITAL INVESTMENT
dc.titleUganda Economic Update, Edition 24en
dc.title.subtitleInvesting in Early Childhood Development for Transformation of Human Capital in Ugandaen
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2025-03-04
okr.date.doiregistration2025-04-14T12:01:13.150393Z
okr.date.lastmodified2025-03-02T15:05:44Zen
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099021925054528994
okr.guid099021925054528994
okr.identifier.docmidP507414-f6d51282-0890-4584-b4f4-c141561ec36b
okr.identifier.externaldocumentum34457879
okr.identifier.internaldocumentum34457879
okr.identifier.report197449
okr.import.id6786
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttps://documents.worldbank.org/curated/en/099021925054528994/pdf/P507414-f6d51282-0890-4584-b4f4-c141561ec36b.pdfen
okr.region.administrativeAfrica Eastern and Southern (AFE)
okr.region.countryUganda
okr.sectorCentral Government (Central Agencies)
okr.sectorPublic Administration
okr.themeForced Displacement, Environment, Infrastructure & Natural Resource Management,Macroeconomic Modeling, Fragility, Conflict, and Violence,Nationally Determined Contributions (NDCs) and Long-Term Strategies (LTSs) for Low Emissions and Resilient Development,Urban Development and Land Administration / Management,Economic Policy,Gender,Childcare,Economic Opportunities to Advance Gender Equality,Monetary and Credit Policies,Macroeconomic Model Development,Economic Growth,Macro-financial policies,Structural Transformation and Reform,Nationally Determined Contribution (NDC) Implementation,National Land Policy and Administration,Inclusive Growth
okr.topicEducation::Early Childhood Development
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.unitEFI-AFR1-MTI-MacroFiscal-1 (EAEM1)
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