Financing Uganda'S Poverty Reduction Strategy : Is Aid Causing More Pain Than Gain?

Uganda's market-friendly development strategy and poverty reduction agenda have attracted large financial inflows, including aid. During 2000-02, concerns about a possible aid-induced Dutch disease were heightened by widening macroeconomic imbalances and an upward trend in the real effective exchange rate (REER). This paper shows that the REER remained broadly stable during a 10-year period and nontraditional exports increased remarkably, contrary to the predictions of the Dutch disease model. Also, economic growth was strong. This good performance is attributed to sound macroeconomic policies and important structural reforms, which have allowed an increased use of available production factors.
Publication date: September 2004
ISBN: 9781451858457
$15.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Exports and Imports , Money and Monetary Policy , Money and Monetary Policy , and poverty , reer , exchange rate , real exchange rate , foreign exchange , real effective exchange rate , Economic Growth of Open Economies , Welfare and Poverty: General , Economic Growth and Aggregate Productivity: General

Summary