As a result of a number of internal and external shocks, Uganda's economy is currently growing at the lowest rate recorded over the past two decades. Therefore, current policy is focused on the management of these impacts so that they do not exacerbate macroeconomic instability and on measures to stimulate the economy to increase growth. The Government's investment push is intended to address binding constraints on growth, with the most significant of these constraints being Uganda's huge infrastructure deficit. The first part of this Ninth Uganda Economic Update presents an assessment of the current state of the economy, while the second part addresses a specific theme related to Uganda's development challenges and the manner in which these may be addressed. This focusses on how the management of Public-Private Partnerships (PPPs) can support Uganda's investment push by facilitating access to private sector financing, by managing the risks intrinsic in these arrangements, and by maximizing the economic and social value of these partnerships. This can only be achieved if the government is committed to building the appropriate set of frameworks to create a conducive environment for private investments and to adopting robust project identification, screening, procurement and contract management processes.
Details
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Author
Sebudde,Rachel K., Shukla,Shyamala, Goffe,Valeriya, Sterwart,Fiona, Mawejje,Joseph, Olobo,Christopher, Okumu,Ibrahim, Kilimani,Nick
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Document Date
2017/07/01
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Document Type
Working Paper
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Report Number
117760
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2017/07/28
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Disclosure Status
Disclosed
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Doc Name
Infrastructure finance deficit : can public-private partnerships fill the gap?
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Keywords
public-private partnership;Procurement and Disposal Unit;medium term expenditure framework;capital market development;Drivers of Economic Growth;average per capita income;public investment in infrastructure;external current account deficit;Macro Economics & Fiscal Management;annual per capita income;gdp growth rate;private investment;agricultural sector;commercial bank;banking system;long term finance;domestic financial market;PPP Policy;foreign direct investment;public investment program;quality of infrastructure;operation and management;effective service delivery;economic growth rate;balance of payment;fiscal space;monetary policy;
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Citation
Sebudde,Rachel K. Shukla,Shyamala Goffe,Valeriya Sterwart,Fiona Mawejje,Joseph Olobo,Christopher Okumu,Ibrahim Kilimani,Nick
Uganda economic update - ninth edition : Infrastructure finance deficit : can public-private partnerships fill the gap (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/786421501233090053/Infrastructure-finance-deficit-can-public-private-partnerships-fill-the-gap