0.

Prerequisites
0.1 Legal environment 0.1.1 Responsibility for collecting, processing, and disseminating
statistics

Bank of Uganda

There are no laws which explicitly give Bank of Uganda (BOU)

the mandate to compile and disseminate the Monetary and
Financial Statistics, Balance of Payments (BoP), Interest rates,
Exchange rates etc. The Bank of Uganda Act, Cap 51 of 2000 is
silent on this role. While Article 30 of the BOU Act Cap 51 of
2000 states that the bank shall fix and make public its standard
rediscount rate, it does not explicitly mention the responsibility of
the Bank of Uganda (BOU) to compile and disseminate other
interest rate information.

The Bank of Uganda collects data on the Central Bank Survey and
the BOP under authorisation from the Uganda Bureau of
Statistics. As empowered by the Uganda Bureau of Statistics Act,
1998, the Uganda Bureau of Statistics (UBOS) is responsible for
collecting, compiling, analyzing, and disseminating national
statistics. Section 21 of the Statistics Act 1998 states that, UBOS
can delegate authority to institutions to compile and disseminate
specified statistical data. In a memorandum of understanding
signed between UBOS, the BOU, and the Uganda Revenue
Authority (URA), UBOS delegated to the BOU the responsibility
to collect, compile, and disseminate monetary and external sector
statistics. With reference to monetary sector statistics in
particular, the Statistics Department uses the monthly balance of
Bank of Uganda to compile the sectoral balance sheet, and
produce and disseminate the Central bank survey.

According to Article 11(1) of the Foreign Exchange Act, 2004 the

BOU may request any person in Uganda to furnish any
information the BOU may require for the purpose of securing
compliance with the provision of the Act. In addition, Article 4 of
the Act empowers BOU to require any person resident to furnish
details of any or all of his or her foreign exchange transactions or
provide returns in a format prescribed by the Bank of Uganda,
giving details of that person’s foreign exchange transactions.

Data dissemination functions are granted to the BOU by Article

40 (2) of the Bank of Uganda Act, Cap 51 of 2000 that states that
the BOU may publish in whole or in part information furnished to
it under subsection 1 as the Board may determine.

The Statistics department of BOU collects data for the BOP

estimates from various data-producing agencies, including the
Uganda Revenue Authority (URA), UBOS, the Ministry of
Finance, Planning and Economic Development (MFPED), the
Ministry of Trade, Tourism and Industry (MTTI), the Uganda
Investment Authority (UIA), the Uganda Coffee Development
Authorities (UCDA), the Cotton Development Organization
(CDO), the Civil Aviation Authority (CAA), the Uganda
Electricity Distribution Company Ltd., the Kasese Cobalt
Company Ltd., the Uganda Tea Authority (UTA), the Ministry of
Agriculture, Animal Industry and Fisheries (MAAIF), and from
the British-American Tobacco Uganda Ltd. Besides, Statistics
Department receives source data from other Departments of the
bank.

0.1.2 Data sharing and coordination among data producing

agencies

Bank of Uganda

Data sharing is provided for by Article 20 of the Uganda Bureau

of Statistics Act 1998 which requires the Executive Director of
UBOS to ensure that statistical data collected is released for
general dissemination.

Article 4 (1) of the Uganda Bureau of Statistics Act 1998

stipulates that UBOS is responsible for coordinating, monitoring
and supervising the National Statistical System. UBOS is
mandated to promote standardization in the collection, analysis,
and publication of statistics to ensure uniformity in quality,
coverage, and reliability of statistics information, and to promote
cooperation and rationalization among users and providers of
statistics to avoid duplication of efforts and ensure optimal
utilization of scarce resources.

Data for the Central Bank Survey is entirely produced by Bank of

Uganda (BOU). In so far as it reflects the financial operations of
Government, and banks, the coordination is enhanced through the
following:

 The weekly meetings of the Macroeconomic Monitoring

 committee comprising staff of BOU and the MFPED.
 The Financial Information Sharing Committee (FISC)
comprised of several BOU departments.

BOU maintains the Central Depository System (CDS); an

electronic registry of all investors in government securities. It is a
database with information on results from the primary and
secondary securities market, current and past interest rates, and
records of BOU policy rates. Interest rates are published in
newspapers, after securities auctions; daily on Reuters, which all
commercial banks have access to, and on the BOU website. The
auction results are also faxed and e-mailed to primary dealers. In
turn, the primary dealers provide the results to the rest of the
market.

No formal agreement on interagency cooperation provides for an

efficient data sharing process between BOU and data-producing
agencies other than UBOS and the URA and UIA.

Article 1(iv b) of the Memorandum of Understanding between the

BOU, UBOS and the UIA contains a general statement, but it
does not fully cover the total scheme of the BOP compilation.
However, the coordination is enhanced through the following
interagency groups that promote consistency of methods and
results:

 The International Trade Statistics Committee (ITSC) that

comprises the BOU, UBOS,
 The UCDA, the CDO, the UIA, the URA, the MFPED,
and the MTTI, with terms of reference to ensure that the
trade statistics remain a priority for the agencies that
participate in the Committee, that they remain actively
involved in identification of the sources for the
international trade statistics, and to ensure adherence to
international standards;
 The Committee on Tourism Statistics (CTS) consists of
the BOU, the MTTI, UBOS, the CAA, Immigration
Department, Uganda Tourism Board, Uganda Tourism
Association, Uganda Wildlife Authority, Uganda Police,
and the Office of the President. The main objective of the
CTS is to design and undertake the tourism expenditure
survey. Ad hoc meetings are held when the biannual
survey is conducted.
 The Working Group on Private Capital Flows (WGPCF)
comprises the BOU, UBOS, Private Sector Foundation,
Uganda Manufacturers’ Association, Economic Policy
 Research Centre, and the Uganda Bankers Association.
The WGPCF consists of several technical subgroups and
handles administrative and methodological work for the
Private Capital Flow Survey (PCFS), including designing
software and providing training. The technical subgroups
meet every month while the WGPCF meets on an adhoc
basis.

 The Committee on External Debt comprises the BOU and

the MFPED and handles issues related to the external debt
statistics, such as the reconciliation exercise, the Heavily
Indebted Poor Country Initiative (HIPC) receipt treatment,
and technical arrears (meets every month); and

 The Macroeconomic Monitoring committee comprising

staff of BOU and the MFPED during its weekly meetings
handles BOP, national accounts, monetary, and fiscal
issues.
 The Social Economic Technical Committee comprising
staff of UBOS, BOU and MFPED

0.1.3 Confidentiality of individual reporters' data

Bank of Uganda

Confidentiality of information is provided for in different laws.

Article 19 of the Statistics Act specifies that data are ONLY
disseminated in aggregate form, and that no individual return or
part of the return made for the purpose of this Act shall be
published or admitted in evidence, or shown to any person not
employed in execution of duty under the same Act.

Article 41 (3) of the Bank of Uganda Statute, 1993, states that the
BOU shall not publish or disclose any information regarding the
affairs of a financial institution or of a customer of a financial
institution, unless the consent of the institution or the customer is
obtained. Further, Article 46 of the Statute requires officers and
employees of the BOU to make a declaration of secrecy with
regard to any information obtained in the performance of their
functions and prescribe substantial penalties for contravention of
the declaration of secrecy.

The BOU has established confidentiality rules to prevent the

residual disclosure of information. The BOU Terms and
Conditions of Services and Staff Regulations (section 19.5)
stipulate that strictest secrecy shall be observed by all employees
in regard to information acquired in the course of their duties. An
employee shall not allow any person to have access to the books
or other documents belonging to the BOU, nor give information
of any kind without obtaining the permission of the Governor. All
employees shall be required to take an oath of secrecy before they
become legally recognized as employees of the BOU (the BOU
Administration Manual,2010, Section 4.5.11).

Confidentiality is also emphasized in the BOU value on

Professional discipline and teamwork.

Bank of Uganda policies protects the confidentiality of individuals

by requiring that information not be published in a way that is
likely to make possible the identification of a particular
individual.

0.1.4 Ensuring statistical reporting

Bank of Uganda

The legal mandate on statistical reporting by BOU is contained in

Part VIII, Sections 43-45 of the Bank of Uganda Statute, 1993 on
Accounts and Statements. It is mandated that the Bank shall as
soon as may be practicable, after the end of each quarter, make a
quarterly return of its assets and liabilities and the return shall be
published in the Gazette and a copy submitted to the Minister of
Finance. The Accounts, of the Bank shall be audited, at least once
every financial year, by the Auditor General or an auditor
appointed by him to act on his behalf. The Bank may submit to
the Minister of Finance, from time to time, information on the
exercise and performance of its duties or on its assets and
liabilities in a form that may be determined by the Board.

Article 41, subsection 1 of the Bank of Uganda Statute, 1993

requires that every financial institution shall furnish to the BOU,
in a manner prescribed by statutory instrument, all information
that may be required by the BOU for the proper discharge of its
functions. Article 80 (1) of the Financial Institution Act, 2004
(FIA) stipulates that a financial institution shall furnish to the
Central Bank at such times and in such form as the Central Bank
may prescribe, all information and data of its operations in
Uganda including periodic returns called for by the Central Bank
 and the audited balance sheet and profit and loss account and
those of any company which is a subsidiary, affiliate, associate or
holding company to that financial institution which the Central
Bank may require for the proper discharge of its functions under
the Act.

According to Article 80 (3) of the FIA, any financial institution

which, without reasonable cause, fails to comply with subsection
(1) or (2) of this section, or submits inaccurate returns, shall pay
to the Central Bank a civil penalty of fifty currency points per day
of default. Article 81 (3) states that any person who fails, refuses,
omits or neglects to provide information requested under
subsection (1) and/or (2) commits an offence and is liable on
conviction to a fine not exceeding two hundred and fifty currency
points or imprisonment not exceeding two years or both; and an
additional fine not exceeding fifty currency points for each day on
which the offence continues.

With regard to reporting by non-financial institutions, the BOU

does not always receive the full cooperation of corporations in
submitting accurate and timely reports. The Foreign Exchange
Act, 2004 identifies a number of enforcement procedures for use
in cases where there is a violation of the Act on the provision of
information (Article 11(3)). There are sizeable penalties for
violations of the Act (Article 17(1)).

However, compliance for statistical reporting by financial

institutions is enforced through Article 41, subsection 1 of the
Bank of Uganda Statute, 1993and Articles 80 and 81 of the
Financial Institution Act, 2004 (FIA).

The BOU carefully considers the response burden by adjusting the

report forms to the applied accounting standards. BOPS staff
assists respondents via shared BOPS e-mail box and visits all the
supervised financial institutions at least once a year.

0.2 Resources 0.2.1 Staff, facilities, computing resources, and financing

The section responsible for compiling International Investment

Position (IIP) is the same section that compiles Balance of
Payments (BOP). Based on the fact that the BOPS has expanded
in recent years, the current number of staff has been increased and
is adequate to meet the operational needs for compilation of the
 BOP statistics. At present, there are five permanent staff in the
BOPS. All BOPS staff are university-trained professionals. An
additional 23 staff in the TEDD provide BOPS with source data.
One staff member has eleven years’ experience in BOP
compilation and was trained together with two others at the IMF’s
BOP courses in Washington. The remaining two staff members
are yet to receive similar training in BOP methodology and
compilation. Computing resources are adequate and are well
utilized in achieving efficient data collection and compilation
procedures. All staff members of the BOPS have personal
computers that are connected to the local area network and to the
Internet.

1. Integrity
1.1 Professionalism 1.1.1 Impartiality of statistics

Bank of Uganda

There is no influence by external forces in the production process

of all the statistics from BOU. All review of statistics is internally
done and in an impartial manner. Where applicable, the rates are
as determined by the market, and computations are done through
known formula. There is no outside pressure to influence the
production of BOU reports. Statistics are produced in an impartial
manner, and the data is not subjective.

1.1.2 Selection of sources, methodology, and modes of

dissemination

Bank of Uganda

The choice of source data is based solely on statistical

considerations. The methodology for Monetary and Financial
Statistics is partly based on the IMF’s MFS Manual 2000, as well
as BOU requirements and standards set by the Monetary Affairs
Committee of the EAC. Data is extracted from the reports of the
financial institutions submitted to BOU on a regular basis.

The choice of source data and statistical techniques for the BOP is
based on statistical considerations only as recommended by the
BPM5 and BPM6. The BOP staff work closely with their
 colleagues in other departments and the interagency groups. For
example, the selection and design of surveys are based solely on
statistical considerations, taking into account international
recommendations.

Dissemination is through hard and soft copies of reports available

from BOU.

1.1.3 Commenting on erroneous interpretation and misuse of

statistics

Bank of Uganda

Clarification on interpretations and misuse of Central Bank

statistics, are communicated by the Directors of Research,
Financial Markets and Statistics Departments, and where
necessary the Communications Department provides comments
and clarifications to the media.

1.2 Transparency 1.2.1 Disclosure of terms and conditions for statistical collection,
processing, and dissemination

Bank of Uganda

Government legislation exists on disclosure of information to the

public.

The MFS methodology and compilation methods, as well as the

BOU documents are available on the BOU website
http://www.bou.or.ug. In addition, the terms and conditions under
which the MFS statistics are compiled are shown in the GDDS
metadata on the DSBB.

The BOP methodology and compilation methods, as well as the

BOU legislative documents, are available on the BOU website
http://www.bou.or.ug. In addition, the terms and conditions under
which the BOP statistics are compiled are shown in the GDDS
 metadata on the DSBB.

1.2.2 Internal governmental access to statistics prior to release

Bank of Uganda

Except for purposes ascertaining its quality for accuracy, there is

no internal governmental or other public access to the statistics
prior to their release.

1.2.3 Attribution of statistical products

Bank of Uganda

All reports published by BOU are clearly identified as a product

of the BOU by name and logo.

1.2.4 Advance notice of major changes in methodology, source

data, and statistical techniques.

Bank of Uganda

The BOU has not yet developed the standard procedure of giving
advance notice of major changes in methodology or informing the
public of new statistical collections in its statistical series, but is
considering providing such notice in the future in its publications
and on its website.
Revisions are indicated in the BOU’s publications.

1.3 Ethical standards 1.3.1 Guidelines for staff behavior

Bank of Uganda

The BOU Terms and Conditions of Service and Staff Regulations

states that employees are required to perform their duties with
diligence and loyalty, to obey implicitly the directions of their
superiors, and to treat public and their colleagues with civility and
courtesy. The employees are required to have a detailed
knowledge of these staff regulations, as ignorance of their content
will not be accepted as an excuse for noncompliance. It is
required that periodic reports are submitted on the work and
conduct of all employees. An employee whose work or conduct
 falls short of the required standards after suitable warnings
renders himself liable to dismissal. All employees whose conduct
appears to require investigation may be suspended from the
service, and salary may be wholly or partly withheld during such
suspension.

The BOU Administration Manual (August 2010) in Chapter 2,

General Rules and Regulations maintains clear ethical guidelines.
Memoranda from the Human Resources Department are sent
regularly to the staff to remind them of the ethical standards.

Staff are also guided by the core values of the Bank of Uganda
which are; Leadership by Example; Commitment to Serving
Public Interest; Transparency and Accountability; Professional
Discipline and Teamwork, and Continuous Learning and
Improvement.

2. Methodology
2.1 Concepts and 2.1.1 Concepts and definitions
definitions

The International Investment Position (IIP) for Uganda is a

balance sheet summarizing the stock of external financial assets
(claims by resident on non-residents) and liabilities to residents
(claims by non-residents on residents). The Bank of Uganda
(BoU) is responsible for the compilation of the IIP statistics. The
basic sources for IIP data are the survey of business companies, as
well as the balance sheets of commercial banks and other financial
institutions, and Ministry of Finance and BoU internal records.

The IIP presentation and methodology broadly conforms to the

fifth edition of the IMF Balance of Payments Manual (BPM5) for
the estimated components. The IIP data have been compiled
partially in the past and as such used largely for internal analysis.
However, with effect from 2005, the IIP is now disseminated and
published by BoU in the Annual Report.

2.2 Scope Scope of the data

Unit Coverage
In principle, all the major resident units of the reporting economy
 that have foreign financial assets and liabilities.

Transaction Coverage
In principle all major IIP stock data are covered. The stock data
covered in the IIP statistics are those of Ugandan residents with
the rest of the world and vice versa. There are difficulties,
however experienced in capturing data on foreign direct
investment and portfolio investment assets.

Geographic Coverage

The geographic territory of Uganda is the territory of reference for

the IIP.

Exceptions to coverage

There are no estimates of direct investment abroad.

2.3 2.3.1 Classification/sectorization

Classification/sectorization

The IIP statistical framework mostly follows the BPM5. The

collected data are aggregated into three main accounts namely
direct investment, portfolio investment, other investment as well
as reserves.

2.4 Basis for recording 2.4.1 Valuation

Valuation:
Three methods of valuation are employed for the valuation of
flows/stock in the financial account, i.e. market value for equity
and debt securities, historical cost for direct investment and
nominal value for loans.

2.4.2 Recording basis

 Conversion of Unit of Account
The stock data on international investment position are mainly
collected in Uganda shillings and expressed in millions of US
dollars. Where data are reported in Uganda Shillings, such data
are converted to US dollars by using the end-of-period exchange
rates of the relevant period.

Time of Recording:
This follows the guidelines of BPM5.
-Arrears and financial transactions are recorded on due for
payment basis, however debt securities are reported on an accrual
basis.

2.4.3 Grossing/netting procedures

Financial account transactions are recorded net, separately for the

individual asset and liability components. However, detailed
information on a gross basis is available for loans.

3. Accuracy and reliability

3.1 Source data 3.1.1 Source data collection programs

Financial Account

1. Direct investment in and abroad, the main source of

information is surveys on foreign direct investment and register of
licensed enterprises by the Uganda Investment Authority with
effect from 2002. Previously all data were based on the survey of
enterprises to determine foreign direct investments and other
investments. Since 2002, the survey of enterprises collects levels
of foreign assets and liabilities at the beginning and end of each
year, with separate information for equity, retained earnings and
debt for already existing enterprises while the UIA register of
newly licensed enterprises is used to estimate new direct
investment in Uganda. Large investments that may not be covered
by the surveys are included using information from line
 ministries.

2. Portfolio investment by the private sector is collected

through surveys and the Uganda Securities Exchange for equity
investment liabilities. Brokerage firms provide information on
debt security assets. The Bank of Uganda’s Central Depository
System and Secondary Market reports provide information on
debt security liabilities.

3. Other investment information is collected through BoU and

the Ministry of Finance Planning and Economic Development for
public sector loans, BOU for commercial bank assets and
liabilities, Bank for international settlement for currency and
deposit assets of other sectors and surveys for other private sector
components of other investment.

Reserve assets are obtained from the Bank of Uganda's

administrative records.

3.1.2 Source data definitions, scope, classifications, valuation, and

time of recording

The PCFS survey questionnaire design has been modified to align

with the BPM5 classification.

3.1.3 Source data timeliness

The timeliness of source data has not always adequate. However,

following the introduction of the CDIS, timeliness improved
particularly for private sector foreign assets and liabilities which
had a lag of 12 months to a lag of 9 months. Efforts are underway
to bring the lag down further.

3.2 Assessment of source 3.2.1 Source data assessment

data
 Source data—including censuses, sample surveys and
administrative records—are routinely assessed, e.g., for coverage,
sample error, response error, and non-sampling error; the results
of the assessments are monitored and made available to guide
statistical processes. Discussions and presentations are also made
to senior staff of the Bank of Uganda and routinely discussed with
the Uganda Bureau of Statistics. Reconciliation on public sector
debt is routinely undertaken between the Bank of Uganda’s
records and records of Ministry of Finance Planning and
Economic Development.

3.3 Statistical techniques 3.3.1 Source data statistical techniques

The survey data are processed by the BOU using a customized

MS-Access application and Excel spreadsheets. Data at all stages
of the survey exercise are verified against a set of control
indicators. Both external and internal checks are employed in the
source data validations including on-site and off-site editing
carried out by enumerators. The editing procedures include checks
on the internal inconsistencies in data, missing data (gaps),
exchange rate conversion, and completeness in recording entries.
The data editing procedures are followed by source data analysis
at the various levels of data categorization.

3.3.2 Other statistical procedures

Financial Account

The consistency of all items in the Financial account of the IIP is

edited, checked against the previous year data, fiscal accounts,
money and banking statistics and other sectors' statistical series.

3.4 Data validation 3.4.1 Validation of intermediate results

 A reconciliation exercise between transactions recorded in the
BOP and stocks recorded in the IIP commenced in 2010 to ensure
consistence.

3.4.2 Assessment of intermediate data

The MFPED and the BOU undertake monthly reconciliation of

the external debt data. Data on the reserve position in the IMF are
verified through the published IMF accounting data.

3.4.3 Assessment of discrepancies and other problems in

statistical outputs

The BOP data are not checked with the information available
from the Joint Debt Table, and Coordinated Portfolio Investment
Survey.

3.5 Revision studies 3.5.1 Revision studies and analyses

Studies and analyses of revisions are carried out for foreign assets
and liabilities of the private sector. Revisions due to
methodological changes (or acquisition of new data) are based on
analyses on the impact of such revisions for internal discussion.
Such studies are not made available to the public. The
documentation on revisions is maintained internally.

4. Serviceability
4.1 Periodicity and 4.1.1 Periodicity
timeliness

Annual

4.1.2 Timeliness
 Three months after the end of the reference period for the annual
report. Timeliness is consistent with GDDS recommendations on
timeliness of six–nine months.

4.2 Consistency 4.2.1 Internal consistency

There are discrepancies between some financial account

transactions and changes in stocks in the international investment
position. Results of the reconciliation between the two datasets
(e.g., transactions, exchange rate, price, and other changes) are not
disseminated.

4.2.2 Temporal consistency

(1) Data on fiscal year are converted to calendar year.

(2) No seasonal adjustments are made.

4.3 Revision 4.3.1 Revision schedule

International investment position (IIP)

Revisions are made to the published data to account for

outstanding data at the time of compilation.

4.3.2 Identification of preliminary and/or revised data

Bank of Uganda

Where revisions have been made, the report clearly explains

where the revision has been made and why. In both the time
series data, and the BOU publications, the revisions and updates
are identified and the provisional status of the data is indicated in
a label to the data.
 5. Accessibility
5.1 Data 5.1.1 Statistical presentation

The Annual Report of the BOU includes summary IIP statistics

Publications of the annual IIP statements contain a presentation

that shows the liabilities and assets separately and foreign direct
investment on a directional basis.

The government and government-guaranteed foreign debt data are

reproduced in the Annual Report of the BOU and in the MFPED
publication the Background to the Budget.

The data on the gross official international reserves in millions of

U.S. dollars are published annually in the Annual Report of the
BOU.

5.1.3 Advance release calendar

Bank of Uganda

There is no predetermined release calendar. However, there are

activity specific releases schedules which adhere to SDDS
requirements.

5.1.4 Simultaneous release

Bank of Uganda

Data are always released simultaneously to all users through

dissemination workshops, hardcopy publications and on the BOU
website. However, sometimes reports are published on the
website before the printed reports are available.

5.1.5 Dissemination on request

In addition to the BOU’s publications and disseminated on the

website, a number of non-published but non-confidential IIP
 subcomponents are made available upon demand. Requests from
users for special tabulations based on unpublished (but non-
confidential) data are usually accommodated, especially from data
providers (e.g., PCFS participants) and students carrying out
research.

No specific reference is made in IIP statistics publications on the

availability of non-published subcomponents and the terms and
conditions on which they are made available.

5.2 Metadata 5.2.1 Dissemination of documentation on concepts, scope,

classifications, basis of recording, data sources, and statistical
techniques

A detailed description of the IIP concepts, sources, and methods is

posted on the BOU website. In addition, documentation of the
methods used for compiling the IIP statistics is published in the
IMF Balance of Payments Statistics Yearbook and in the GDDS
metadata posted on the DSBB.

5.3 Assistance to users 5.3.1 Dissemination of information on contact points

Bank of Uganda

A contact person is identified on the DSBB.

Appropriate arrangements are in place within the BOU to ensure

that any queries received by that contact are directed to the
relevant person. The users can email, telephone or write to the
Communications, Statistics, Financial Markets and/or Research
departments for any queries or clarification.

5.3.2 Availability of documents and services catalogs

Bank of Uganda

Information on published documents is available on the BOU

 website.

Hard-copy catalogs of publications and other services are not

produced by the BOU, but information on published documents is
available on the BOU website.

The Knowledge Management Centre, in the Research Department

has documents and services catalogue, though it is currently for
internal use only. The documents are available and are freely
accessed by the general public at the Centre, including support
services.

9. Plans
9.1 Recent Plans for improvement - Recent improvements

Bank of Uganda

The BOU website has been revamped.

International investment position (IIP)

(1) Prior to 2005, IIP was compiled on a partial basis omitting a

number of categories, but starting 2005 onwards IIP is compiled
in a detailed format reflecting all items of the financial account.

(2) Monitor and reconcile IIP and BOP data.

9.2 General Plans for improvement - Short-term

Bank of Uganda

Updating the metadata.

Publication of the Advance Release Calendar.

Finalizing the Data Revisions policy.

International investment position (IIP)

Plans for future improvement include, through comments made by

 Technical assistance from the IMF, adoption of the 6th edition of
the IMF’s Balance of Payments Manual keeping in view some of
the specificities of the Ugandan economy.

Plans for improvement - Medium-term

International investment position (IIP)

Compilation of quarterly IIP data for publication.

9.3 Financial Plans for improvement - TA/financing needs - Short-term

International investment position (IIP)

Continue to review the classifications and methods used in the IIP

compilation.