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International Monetary Fund. External Relations Dept.
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RICHARD LACROIX and PANOS VARANGIS

and reduce transaction costs. Since buyers need not see the goods, transactions need not take place at either the storage or the inspection location. Indeed, with a functioning warehouse-receipt system, commodities are rarely, if ever, sold at the warehouse proper. A transaction can take place informally or on an organized market or exchange. In either case, the warehouse receipt forms the basis for the creation of a spot, or cash, market. If transactions involve the delivery of goods on a future date, warehouse receipts can form the basis for the creation of a

International Monetary Fund. African Dept.

-functioning warehouse receipt system to help reduce income disparities; and Supporting collateral and interregional mobility through completing the land tenure registration system and strengthening the cooperative structure of farms. 5. Of course, following this course of action requires additional financing and given the limited role of the private sector in funding agricultural initiatives, the chapter should be read in tandem with the associated chapter on fuel subsidies that identifies ways for the central government to collect more revenues and with assessments of the

International Monetary Fund

UNHCR United Nations High Commission for Refugees UNHS Uganda National Household Survey UNRF Uganda National Redemption Front UPDF Uganda Peoples’ Defence Forces UPE Universal Primary Education UPPAP Uganda Participatory Poverty Assessment Project/Process URA Uganda Revenue Authority US United States USE Uganda Securities Exchange WHO World Health Organisation WRS Warehouse Receipt System WSS Water Supply and Sewerage

International Monetary Fund

direct financing including through ETC instruments. The Bank will facilitate foreign investment either by investing alongside foreign strategic investors or by assisting the development of local companies which in due course may attract foreign investment. Working capital may be provided to agribusinesses under the recently established warehouse receipt system. The Bank will continue to provide non-financial support to private enterprises through its Turn Around Management (TAM) and Business Advisory Services (BAS) programmes; II. The Bank will provide its local

International Monetary Fund

established warehouse receipt system. The Bank will continue to provide nonfinancial support to private enterprises through its Turn Around Management (TAM) and Business Advisory Services (BAS) programs; II. The Bank will provide its local partner banks with access to its SME and MSE credit lines, its Trade Facilitation Program (TFP) as well as its Medium-sized Co-financing Facility (MCFF). The Bank will seek to extend its cooperation to new partner banks and will assist in the development and promotion of new financial instruments such as mortgage financing, leasing and

International Monetary Fund

an audit of all government programs providing lines of credit or guarantees to financial institutions and develop a plan to close poorly performing programs. BOG Short term Create a secondary debt market and facilitate the sale of nonperforming assets created by targeted lending programs. BOG Medium term Evaluate the constraints, including government ownership of storage facilities, and develop an action plan to facilitate the development of a warehouse receipting system. MOF Short term Begin an inclusive dialogue with relevant GOG

International Monetary Fund
This report summarizes the Annual Progress Report of Uganda on the Poverty Reduction Strategy Paper, which highlights the progress and outcomes of implementation of the Poverty Eradication Action Plan (PEAP) policies and programs. It provides assessments on achievements and problematic areas in implementing the PEAP as well as recommendations on the corrective measures to meet Uganda's poverty reduction targets. It also reviews governance and security, and discusses ways to increase the ability of the poor to raise their income, and to improve the quality of life of the poor.