Uganda - The economy

RESTRICTED F LE CO( Y 0Report No. AF-27a This report was prepared for use within the Bank and its affiliated organizations. They do not accept responsibility for its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. L.I INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION THE ECONOMY OF UGANDA November 5, 1964 Department of Operations Africa  CURRENCY EQUIVALENTS 100 EA cents = 1 EA shilling = U.S. $0. 14 20 EA shillings = bml sterling = U. S. $2. 80 bl million sterling = U. S. $2. 8 million U.S. $1 = 7. 15 EA shillings U.S. $1 million = 16357. 143  TABLE OF CONTENTS Page MAPS .3ASIC DATA SWARY .:. THE COUNTRY AND THE PEOPLE .. . . . . ... . . o . s . . (a) Geography and Climate . .a . .. .eo a o . v * 1 (b) Population 1 II, TIE POLITICAL BACKGROUND ... ... . . . o o o o * 1 (a) Pre-Independence . . . . e . . e o * . . v . 1 (b) Independence and after . . .......... 2 II. STRUCTURE OF THE ECONOMY.. . .. . . . . o ,... o . . . .. 4 (a) National Income . . . . . . . . . . . . . . 4 (b) Agricultural Sector . . . . . o. . . . . . . 5 (i) Export crops a . . . .o o . . e * o 9 o 5 (ii) Food crops . . . . . . .o. . .. .. .a 7 (iii) Government policy and measures . . . * 0 a (iv) Scope for an expanded program . . . . . . 8 (c) Livestock and Fishing . . . . . . . . . . . 10 (d) Industrial Development and Mining . . . . . . 12 (i) Industries . . . . . . . . . , . . . . . 12 (ii) Minerals . . . o . . .. 14 (e) Basic Services . . . . . . . . . . . . . . . 14 (i) Transport . . . 1 . . . . . . . . . . (ii) Power a.. . e... , .ee 15 (iii) Education .a . . . . . . 0 . 15 (iv) .:Iealth . . a . a . . . . . 17 IV. GOVER-7E0iT FINANCE AND ECONOMIC DEVELOPiMEUTT . . . . . . . 17 (a) Budgetary Policy .. .. . . . . e . 0 0 o a 0 0 0 18 (b) Development Policy. . . o . . . . . 19 (c) Evaluation of the development effort . . . . . . 21 NT. MONEY AND BANKING . . . . . . . . . . . . . . . . . . a . 23 (a) East African Currency Board . . . . . * . * . . 23 (b) Commercial Banking . ..... o o 23  Page VI. EXTERNAL ECONOI . . . . . . . . . . . . . . . . . . . 25 (a) Pattern of trade . . . . . . . . . . . . . . .25 (b) Exports . . . . . . . . . . . . . . . . . . . 26 (c) Imports . . . . . . . . . . . . . . . . . . . 26 (d) Direction of trade . . . . . . . . . . . . . 26 (e) Interterritorial trade . . . . . . . . . . . 27 VII. CREDITIORTHINESS AND CONCLUSIONS ,. . . . . . . . . . . 28 ANNEX I Statistical tables  U G A N D A -LiVATIONS 3N i-Ei 5 9 -e MS J-..iD - t - E ~~~~~L AF . 14; 0 - k-,\ E JW REPUBLC OF - Brva 33undar w - PORT-L - - I; -- eigH '.i' -