Browsing by Author "Nampewo, Dorothy"

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    Access and Use of Credit in Uganda: Unlocking the Dilemma of Financing Small Holder Farmers
    (Economic Policy Research Centre (EPRC), 2012) Munyambonera, Ezra; Nampewo, Dorothy; Adong, Annet; Mayanja, Musa
    This policy brief is about access and use of credit in Uganda by small holder farmers. The brief uses the secondary data to shed light on the extent of the problem and further uses successful case studies in agricultural financing to demonstrate how improvements can be achieved. The major problem established from available information is that despite several agricultural financing initiatives and other reforms in the financial sector in the last 20 years, access to credit by small holder farmers in Uganda has remained very low in the region of about 10 percent. Examining the several agricultural financing initiatives since 1990s tends to suggest that the problem could largely be attributed to weak institutional framework and policy inconsistency on agricultural financing over the years, notwithstanding household demand factors. The key policy recommendation drawn from this assessment is that if agricultural financing is to improve, there is need to have strong institutional framework that focuses on financing frameworks, monitoring and implementation. A better option is for government to support the establishment of a rural or agricultural development bank that prioritises agricultural financing.
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    Bank-level Analysis of the Determinants of Lending Rate Stickiness in Uganda
    (The African Economic Research Consortium, 2020) Nampewo, Dorothy
    This study determines the existence and drivers of the asymmetrical response of lending rates to policy rate changes in Uganda’s banking sector. Uganda’s banking system seems to be faced with sticky adjustments of lending rates following changes in policy rates. Whereas interbank money-market rates have tended to track the evolution of the policy rate, bank lending rates have been stickier, only responding partially to changes in the policy rate, with lags. These lag periods appear to be longer when the policy rate is reduced than when it is raised, which has created challenges for monetary policy implementation. The analysis is based on bank-level data covering 17 commercial banks for the period 2009–2017.