Frank Warnock and Patrick ConwayWorld Bank InstituteWashington, D.C.
Copyright © 1999The International Bank for Reconstructionand Development/The World Bank1818 H Street, N.W.Washington, D.C. 20433, U.S.A.The World Bank enjoys copyright under protocol 2 of the Universal Copyright Convention. This materialmay nonetheless be copied for research, educational, or scholarly purposes only in the membercountries of The World Bank. Material in this series is subject to revision. The findings, interpretations,and conclusions expressed in this document are entirely those of the author(s) and should not beattributed in any manner to the World Bank, to its affiliated organizations, or the members of its Boardof Executive Directors or the countries they represent.PPPPoooosssstttt----CCCCoooonnnnfffflllliiiiccccttttRRRReeeeccccoooovvvveeeerrrryyyyiiiinnnnUUUUggggaaaannnnddddaaaaFrank Warnock and Patrick Conway XXXXXXXXXXpages. Stock No. 37152
.......................................................................................................................................................................................................................................................................... XXXXXXXXXX1111Background ............................................................................................................................................... XXXXXXXXXX1Pre-Independence Economy ............................................................................................................... XXXXXXXXXX2Political and Economic History: Independence Through 1985..................................................... XXXXXXXXXX3The First Year of Museveni’s Regime: 1986......................................................................................... XXXXXXXXXX4The Current Political and Economic Situation: January 1987.......................................................... XXXXXXXXXX6Policy Decision ......................................................................................................................................... XXXXXXXXXX8Bibliography .............................................................................................................................................. XXXXXXXXXX8Sources...................................................................................................................................................... XXXXXXXXXX8Appendix............................................................................................................................................... XXXXXXXXXX10PPPPaaaarrrrttttBBBB::::PPPPoooosssstttt----,,,, XXXXXXXXXX............................................................................................................................................................................................................................................................................................ XXXXXXXXXX11115555Overview of Policies and Aggregate Performance: Fiscal 1987–88 to 1990–91................... XXXXXXXXXX15International Support for the Reform Program ................................................................................ XXXXXXXXXX17Government Budgetary Policy............................................................................................................ XXXXXXXXXX17Financial Sector Development ........................................................................................................... XXXXXXXXXX18Foreign Exchange Availability ............................................................................................................. XXXXXXXXXX18Agricultural Sector Performance ........................................................................................................ XXXXXXXXXX19Manufacturing and Service Sector Performance ............................................................................ XXXXXXXXXX20The Current Situation: June 1992 ...................................................................................................... XXXXXXXXXX20Policy Dilemma ...................................................................................................................................... XXXXXXXXXX21Bibliography ........................................................................................................................................... XXXXXXXXXX21Sources................................................................................................................................................... XXXXXXXXXX21Appendix B............................................................................................................................................ XXXXXXXXXX22PPPPoooossssttttssssccccrrrriiiipppptttt::::PPPPoooosssstttt----A1. Selected Economic Indicators, 1965–86. ........................................................................ XXXXXXXXXX10Table A2. Selected Social Indicators, 1960–85................................................................................. XXXXXXXXXX10Table A3. Central Government Operations, Selected Years............................................................ XXXXXXXXXX11Table A4. Industrial Origin of Gross Domestic Product at Factor Cost, 1960–86. ...................... XXXXXXXXXX11Table A5. Industrial Origin of Gross Domestic Product at Factor Cost, 1965 and 1986. .......... XXXXXXXXXX12Table A6. Production and Trade, 1960–86. ....................................................................................... XXXXXXXXXX12