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Uganda Economic Update, February 2015 : The Growth Challenge--Can Ugandan Cities Get to Work?

ACCESS TO CREDIT ACCESS TO SERVICES ACCOUNTABILITY ACCOUNTING ADVERSE CONSEQUENCES AGRICULTURAL SECTOR AGRICULTURE AMORTIZATION ARREARS BALANCE OF PAYMENTS BANK FINANCING BANK RATE BASE YEAR CAPACITY CONSTRAINTS CAPITAL EXPENDITURES CAPITAL GAINS CAPITAL INFLOWS CENTRAL BANK COMMERCIAL BANK COMMERCIAL BANKS COMMODITY PRICES COMPETITIVENESS CONSUMER GOODS CONSUMER PRICE INDEX CONSUMERS CONSUMPTION LEVELS CREDIBILITY CREDIT SOURCE CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT PRICES DEBT BURDEN DEBT RATIOS DEBT RELIEF DEBT SERVICE DEBT SOURCE DEBT-SERVICE DEFICITS DEMOGRAPHIC FACTORS DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT PROJECTS DISBURSEMENTS DISECONOMIES OF SCALE DOMESTIC ARREARS DOMESTIC BORROWING DOMESTIC CAPITAL DOMESTIC CAPITAL MARKET DOMESTIC CREDIT DOMESTIC DEBT DOMESTIC MARKET DURABLE ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ECONOMIC OUTLOOK ECONOMIC PERFORMANCE ECONOMIC SECTORS ECONOMIC VALUE ECONOMIES OF SCALE EMERGING ECONOMIES ENTREPRENEURS EQUIPMENT EXCHANGE RATE EXPENDITURE EXPENDITURES EXPLOITATION EXPORT EARNINGS EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL FINANCING EXTREME POVERTY FACTORING FEDERAL RESERVE FINANCIAL DEPTH FINANCIAL RESOURCES FISCAL DEFICIT FISCAL FRAMEWORK FISCAL POLICIES FISCAL POLICY FORECASTS FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKETS FOREIGN EXCHANGE RESERVES FOREIGN INTEREST GDP GLOBAL ECONOMY GOVERNMENT DEBT GOVERNMENT EXPENDITURE GOVERNMENT FINANCES GOVERNMENT INVESTMENT GOVERNMENT SAVINGS GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROWTH POTENTIAL GROWTH RATE HEALTH SERVICES HIGH INTEREST RATES HOUSEHOLD INVESTMENT HOUSEHOLDS HOUSING HUMAN CAPITAL INCOME INCOME TAXES INFLATION INFLATION RATE INFLATION RATES INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL REFORMS INTEREST PAYMENTS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL MARKETS INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVESTING INVESTMENT FLOWS INVESTMENT PLANS INVESTMENT PROJECTS INVESTMENT SPENDING ISSUANCE ISSUANCE OF GOVERNMENT SECURITIES JOB CREATION LAND MARKETS LAND POLICIES LAND USE LIVING STANDARDS LOAN LOCAL CURRENCY LOCAL GOVERNMENT LOCAL GOVERNMENTS M2 MACRO-STABILITY MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MACROECONOMICS MICRO ENTERPRISES MIDDLE INCOME COUNTRY MIGRATION MONETARY FUND MONETARY POLICY MORTGAGE NDP NON-PERFORMING LOANS OIL PRICES OIL RESOURCES OUTSTANDING CREDIT PER CAPITA INCOME PERSONAL LOANS PORTFOLIO PORTFOLIO FLOWS PORTFOLIO INVESTMENT PORTFOLIO INVESTMENTS POSITIVE EFFECTS POTENTIAL INVESTORS PRICE VOLATILITY PRIVATE INVESTMENT PRIVATE SECTOR CREDIT PRIVATE SECTOR DEBT PRODUCTIVE CAPITAL PRODUCTIVITY PUBLIC DEBT PUBLIC DEBT STOCK PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICY PUBLIC SERVICES PUBLIC SPENDING PUSH FACTORS RATES OF INFLATION REAL ESTATE REAL GDP RECEIPTS RECESSION RECURRENT EXPENDITURE RECURRENT EXPENDITURES REFUGEES REGULATORY AUTHORITY REMITTANCES RESERVES RETURN RETURNS REVENUE MOBILIZATION SECURITIES SHORT MATURITY SOCIAL DEVELOPMENT SOCIAL SERVICES SUBSIDIARY TAX TAX COLLECTION TAX REGIME TAX REVENUES TAXATION TOTAL DEBT TOTAL REVENUE TRADE BALANCE TRADE DEFICIT TRANSPORT TRANSPORTATION INFRASTRUCTURE UNEMPLOYMENT UNION URBAN AREAS URBAN DEVELOPMENT URBAN GROWTH URBANIZATION VALUE ADDED WAGES WOMAN
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Washington, DC
Africa | Uganda
2015-04-27T20:36:59Z | 2015-04-27T20:36:59Z | 2015-02

This 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. This report conveys the following key messages: (1) over the past 12 years, the number of people living in Uganda s urban areas has been increasing by an average of 300,000 people per year, (2) during the past few decades, similarly rapid rates of urbanization have been recorded in many emerging countries, (3) as is the case in many other developing countries, the prospects of good jobs, higher incomes and better living conditions in the cities continue to attract Ugandans from rural areas, (4) currently, the opportunity presents itself for Uganda to leverage urbanization to benefit a large proportion of the population, and (5) through the implementation of smart policies, Uganda can ensure that its cities are both competitive and livable.

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