Browsing by Author "Guloba, Asumani"

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    Balance of payments deficits in Uganda: Should they concern us?
    (Uganda Management Institute, 2017-11) Guloba, Asumani
    This article uses the International Monetary Fund (IMF) external vulnerability assessment framework to analyze Uganda’s Balance of Payments (BoP) data to ascertain whether BoP is largely sustainable based on external vulnerability assessment, persistent current instead of more sustainable FDI is steadily leading to a build-up of debt. Further, reserves falling below sustainable levels. While addressing persistent current account to improve Uganda’s BoP position. Here, addressing causes of imbalances in the current account will be critical. Towards this end, ensuring value for money in public investments will be crucial in not only reducing build-up of debt but also providing the economy wide decades, it may be necessary for Uganda to take transitory measures to manage the BoP.
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    Uganda’s debt sustainability: Is it a cause of concern?
    (Uganda Management Institute, 2017-11) Ngobye, Edward; Guloba, Asumani
    This article analyses the debt sustainability exercise undertaken by Uganda in determining whether it provides solutions to Ugandan authorities in the management analysis, it does not seem to guide public debt management; instead, it is used to justify additional public borrowing by use of established public debt thresholds. If Uganda was to use the debt sustainability tool for public debt management, the challenges the country associated risks; poor costing of projects; slow economic growth; low domestic revenue performance in the projection period could be overstated, as the Debt Sustainability Analysis (DSA) tool does not take into account policy/programme implementation; although public institutional strength is taken into account by use of the Country Policy and Institutional Assessment (CPIA) rating. Therefore, the more general lesson from the DSA results is that new borrowing even on concessional terms should be pursued with caution, based on prudent economic projections and in recognition of the country