This Selected Issues paper and Statistical Appendix analyzes poverty and social development in Uganda. The paper reviews recent poverty and inequality trends, examines how poor people are coping with risk and vulnerability, analyzes the relationship between economic growth, structural reform and poverty, and describes the government policies in these areas. The paper also provides a brief overview of major institutional developments in Uganda’s financial sector since 1993 with regard to the legal, accounting, and general regulatory framework in which financial institutions operate.
permitting a preliminary assessment of the possible financial savings from public enterprise reforms.
A. Definition of Net Subsidies
79. Net subsidies to PEs are subsidies from the government to PEs net of subsidies to the government from PEs. The subsidies from the government to PEs are of two types: direct and indirect. Direct subsidies include cash equity injections from the government, donor grants, and asset transfers. Indirect subsidies include equitysupport, favorable financing terms, favorable fiscal terms, and others. Equitysupport is used to absorb PEs
Mr. W. A Bauer, Mr. R. S Craig, Jose M Garrido, Mr. Kenneth H Kang, Kenichiro Kashiwase, Sung Jin Kim, Ms. Yan Liu, and Mr. Sohrab Rafiq
Front Matter Page Asia and Pacific Department and Legal Department
Table of Contents
II. An Unprecedented Policy Response to a Crisis Like no Other
III. Moving from The Initial Liquidity Support to Solvency Support
IV. Key Policies For the Corporate Sector in the Recovery Phase
A. Reinforcing Private Debt Resolution Frameworks to Flatten the Insolvency Curve
B. Ensuring Adequate Financing to Support Corporate Restructuring and the Recovery
C. Pivoting to EquitySupport for Non-Financial Firms
investment and the reform needs for the green and digital transition . In line with staff recommendations, the authorities are committed to maintaining only targeted support measures for specifically affected sectors. As staff writes in the Selected Issues Paper, public support has mitigated liquidity and solvency pressures. Specific (quasi-) equitysupport schemes leveraging private sector resources are being rolled out for the hardest hit sectors. The authorities are grateful for staff’s outreach to the federal and regional investment companies, for the advice on optimal