UGANDA

UGANDA
Monetary and Financial Statistics: TA in FY2015/16 aims at improving the institutional coverage and
classification of other depository corporations (ODCs) and initiating the collection and compilation of data
for other financial corporations, including insurance companies, pension funds, non-deposit taking
microfinance institutions, and foreign exchange bureaus. This would build on previous missions financed by
DFID on the standardized report forms (SRFs). Uganda began publishing SRF-based monetary data from
2002 in IFS beginning in early 2009. In addition, the TA also aimed at developing a system that would allow
the BOU to collect information on financial positions with non-residents in the other East African
Community (EAC) partner states, for the purpose of compiling union-wide MFS for the EAC.
Financial sector surveillance: The BOU reports all 12 core financial soundness indicators (FSIs) and 7 of the
13 encouraged FSIs for deposit takers, an FSI for households, and 2 FSIs for real estate markets. All FSIs are
reported on a quarterly basis, except sectoral distribution of loans to total loans reported on a monthly
basis, for posting on the IMF’s FSI website.
External Sector Statistics (ESS): The BOU compiles quarterly balance of payments and international
investment position (IIP) statistics on the basis of BPM6. The oldest time series of BPM6-based quarterly
balance of payments and IIP are Q1-2001 and Q1-1999, respectively. Adjusting the coverage and valuation
of trade in goods and services could improve the current account deficit. Separating balance of payment
transactions from other flows, such as revaluation and other volume changes, may improve measurement
of IIP financial stocks.
Uganda is participating in the IMF–DFID Enhanced
Data Dissemination Initiative, Quarterly National
Accounts (QNA) Statistics Module. An initial
mission was undertaken during November 2010 to
review the data sources and compilation
methodology used to compile QNA estimates and
to make recommendations for improvements.
Follow-up missions were undertaken during May
and November 2011, May and November 2012,
and May and November 2013. CPI, PPI and annual
estimates of rebased GDP have been released.
Major improvements have been made to the
associated data sources, especially benchmark
surveys and the compilation methodologies.
Comprehensive supply and use tables (SUTs) have
been compiled; and quarterly GDP by production
approach (GDP-P) at constant and current prices
disseminated. The quality and timeliness of the ESS
has been improved and the estimates are
consistent with the BPM6 standards.
III.
II.
Data Standards and Quality
Uganda has been a GDDS participant since May
2000. In February 2005, a STA mission prepared a
Report on the Observance of Standards and Codes
(ROSC), with results published in July 2006. The ROSC
mission assessed data compilation and dissemination
practices against international standards in national
accounts, prices, government finance, and balance of
payments statistics. The monetary and financial
statistics were not assessed.
Reporting to STA
Uganda reports government finance statistics (GFS) data according to the GFSM 2014 framework for the
GFS Yearbook, but does not report any high frequency data for inclusion in the International Financial
Statistics (IFS). The BoU regularly reports monetary data for the central bank and ODCs in the SRF format,
and it also reports all core FSIs and some FSIs for deposit takers, households, and real estate markets.
10 INTERNATIONAL MONETARY FUND