World Bank2015-04-062015-04-062015-02https://hdl.handle.net/10986/21690This Fifth Edition of the Uganda Economic Update presents evidence that if the urbanization process is well managed, it has the potential to stimulate economic growth and to provide productive jobs for a greater proportion of Uganda’s young and rapidly expanding population. In many countries across the world, the growth of cities has stimulated the establishment and expansion of productive businesses by reducing the distance between suppliers and customers. The growth of cities has also facilitated provision of social services and infrastructure through economies of scale. These positive effects from urbanization are already visible in Uganda since the poverty rate is seven percentage points lower in urban areas than in rural areas. Most of the recent job creation is found in cities, and social indicators are also better in urban areas, especially in education and health.en-USCC BY 3.0 IGOACCESS TO CREDITACCESS TO SERVICESACCOUNTABILITYACCOUNTINGADVERSE CONSEQUENCESAGRICULTURAL SECTORAGRICULTUREAMORTIZATIONARREARSBALANCE OF PAYMENTSBANK RATEBASE YEARCAPACITY CONSTRAINTSCAPITAL EXPENDITURESCAPITAL GAINSCENTRAL BANKCOMMERCIAL BANKSCOMMODITY PRICESCOMPETITIVENESSCONSUMER GOODSCONSUMER PRICE INDEXCONSUMERSCONSUMPTION LEVELSCREDIBILITYCREDIT SOURCECURRENT ACCOUNTCURRENT ACCOUNT DEFICITCURRENT PRICESDEBTDEBT BURDENDEBT RATIOSDEBT RELIEFDEBT SERVICEDEBT SUSTAINABILITYDEBT-SERVICEDEFICITSDEMOGRAPHIC FACTORSDEVELOPING COUNTRIESDEVELOPMENT ASSISTANCEDEVELOPMENT PROJECTSDISBURSEMENTSDISECONOMIES OF SCALEDOMESTIC ARREARSDOMESTIC BORROWINGDOMESTIC CAPITALDOMESTIC CAPITAL MARKETDOMESTIC CREDITDOMESTIC DEBTDOMESTIC MARKETDURABLEECONOMIC ACTIVITIESECONOMIC ACTIVITYECONOMIC CRISISECONOMIC DEVELOPMENTECONOMIC DEVELOPMENTSECONOMIC EXPANSIONECONOMIC GROWTHECONOMIC OPPORTUNITIESECONOMIC OUTLOOKECONOMIC PERFORMANCEECONOMIC SECTORSECONOMIC VALUEECONOMIES OF SCALEEMERGING ECONOMIESENTREPRENEURSEQUIPMENTEXCHANGE RATEEXPENDITUREEXPENDITURESEXPLOITATIONEXPORT EARNINGSEXPORTSEXTERNAL BORROWINGEXTERNAL DEBTEXTERNAL FINANCINGEXTREME POVERTYFEDERAL RESERVEFINANCIAL DEPTHFINANCIAL RESOURCESFISCAL DEFICITFISCAL POLICIESFISCAL POLICYFISCAL POLICY TARGETSFOREIGN CURRENCYFOREIGN CURRENCY LOANSFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN EXCHANGE MARKETSFOREIGN EXCHANGE RESERVESFOREIGN INTERESTGDPGLOBAL ECONOMYGOVERNMENT DEBTGOVERNMENT EXPENDITUREGOVERNMENT FINANCESGOVERNMENT INVESTMENTGOVERNMENT SAVINGSGOVERNMENT SECURITIESGROSS DOMESTIC PRODUCTGROWTH POTENTIALGROWTH RATEHEALTH SERVICESHIGH INTEREST RATESHOUSEHOLD INVESTMENTHOUSEHOLDSHOUSINGHUMAN CAPITALINCOMEINCOME TAXESINFLATIONINFLATION RATEINFLATIONARY PRESSURESINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE INVESTMENTSINSTITUTIONAL REFORMSINTEREST PAYMENTSINTEREST RATESINTERNATIONAL BANKINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCEINTERNATIONAL MARKETSINTERNATIONAL STANDARDINTERNATIONAL STANDARDSINTERNATIONAL TRADEINVESTINGINVESTMENT PLANSINVESTMENT PROJECTSINVESTMENT SPENDINGISSUANCEISSUANCE OF GOVERNMENT SECURITIESJOB CREATIONLAND MARKETSLAND POLICIESLAND USELIVING STANDARDSLOANLOCAL CURRENCYLOCAL GOVERNMENTLOCAL GOVERNMENTSM2MACRO-STABILITYMACROECONOMIC ENVIRONMENTMACROECONOMIC MANAGEMENTMACROECONOMIC STABILITYMACROECONOMICSMICRO ENTERPRISESMIDDLE INCOME COUNTRYMIGRATIONMINISTRY OF FINANCEMONETARY FUNDMONETARY POLICYNATIONAL DEVELOPMENT PLANNDPNON-PERFORMING LOANSNONPERFORMING LOANSOIL PRICESOIL RESOURCESOUTSTANDING CREDITPER CAPITA INCOMEPORTFOLIOPORTFOLIO FLOWSPORTFOLIO INVESTMENTSPOSITIVE EFFECTSPOTENTIAL INVESTORSPRICE VOLATILITYPRIVATE INVESTMENTPRIVATE SECTORPRIVATE SECTOR CREDITPRIVATE SECTOR DEBTPRODUCTIVE CAPITALPRODUCTIVITYPUBLIC DEBTPUBLIC DEBT STOCKPUBLIC INVESTMENTPUBLIC INVESTMENTSPUBLIC POLICYPUBLIC SECTORPUBLIC SERVICESPUBLIC SPENDINGPUSH FACTORSRATES OF INFLATIONREAL ESTATEREAL GDPRECEIPTSRECESSIONRECURRENT EXPENDITURERECURRENT EXPENDITURESREFUGEESREGULATORY AUTHORITYREMITTANCESRESERVESRETURNRETURNSREVENUE MOBILIZATIONSECURITIESSEWAGESHORT MATURITYSOCIAL DEVELOPMENTSOCIAL INDICATORSSOCIAL SERVICESSUBSIDIARYSUSTAINABILITY ANALYSISTAXTAX COLLECTIONTAX REGIMETAX REVENUESTAXATIONTOTAL REVENUETRADE DEFICITTRADE FLOWSTRANSPORTTRANSPORTATION INFRASTRUCTUREUNEMPLOYMENTUNIONURBAN AREASURBAN DEVELOPMENTURBAN GROWTHURBANIZATIONVALUE ADDEDWAGESWOMANReportWorld Bank10.1596/21690