The Overall Impact of COVID on The Economy; An Agile Scenario Analysis

The Overall Impact of COVID on The Economy; An Agile Scenario Analysis

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    This agile scenario analysis conducted in partnership with the Ministry of Finance, Planning and Economic Development and The Bank of Uganda explored the potential short and mid-term economic effects the pandemic would have on the key labour segments. Using additional insights from ongoing economic recovery efforts, the team also identified the potential role various sectors could play in strengthening the inclusiveness of the country’s recovery efforts.

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    The Impact of COVID on Agriculture in Uganda

    The Impact of COVID on Agriculture in Uganda

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      Earlier studies conducted by FSD Uganda indicate that specific segments of the population – including people who directly or indirectly rely on farming – will be severely affected by the impact of COVID-19 pandemic. We conducted a rapid diagnostic to understand how agricultural finance in Uganda has been affected, to inform financial market-led recovery efforts. Findings from the study have been used to strengthen FSD Uganda’s new five-year agricultural portfolio.

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      Assessing the Economic Resilience of Ugandan Households During COVID

      Assessing the Economic Resilience of Ugandan Households During COVID

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        This phone-based survey conducted between April 2020 to September 2020 over five waves provides a detailed analysis on the resilience of the sample surveyed. It demonstrated:

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        Informal Sector Pensions: Protecting millions of East Africans from old-age poverty

        Informal Sector Pensions: Protecting millions of East Africans from old-age poverty

        By Joseph Lutwama.

        It is everyone’s desire to retire with a roof over their head and a decent income that will sustain them through their old age. However, very few ever realize that ideal, and it remains a dream that eludes millions in the region. Many East Africans never retire but die while toiling away as their productivity decreases. Economists and financial experts tell us that it is possible for one to save for retirement, and if those savings are invested well, they stand a better chance of reducing their old-age vulnerability and living their retirement dream. However, this is not the case in East Africa. Kenya, which has the highest pension sector coverage, sees only two out of every 10 working adults save for retirement. What could explain this paradox? In East Africa, the pension system is predominantly focused on the formal sector, leaving the informal sector largely unattended to. With levels of informal employment in East Africa as high as 91 percent, it follows that there would be such low levels of formal retirement savings.

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        Reimagining settlement communities: responding to the growing financial needs of Uganda’s refugees and their hosts

        Reimagining settlement communities: responding to the growing financial needs of Uganda’s refugees and their hosts

        By David Darkwa & Fred Ndiwalana.

        Mama Nicole is what most academics would call a ‘Forcibly Displaced Person’ – a refugee. Three years ago, she fled her village in Northern Kivu in the Democratic Republic of Congo when fighting broke out between two armed groups. Upon arriving in Uganda, she chose to settle in Kampala where she felt safer mingling in the city and being proximate to good schools and reliable health care for her four children. Settling in, however, has not been easy. Today, she rents a two-room house in Katanga, one of the sprawling slums of Kampala.  Two of her children go to nearby schools and the other two have dropped out.

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        The impact of Pandemics on Poverty and Financial Inclusion

        The impact of Pandemics on Poverty and Financial Inclusion

        By Rashmi Pillai, Executive Director.

        By now, the novel Coronavirus disease (COVID-19) – is a household term. Hand sanitizer is out of stock, businesses are closing or cutting staff, and even boda-boda riders near the FSD Uganda office report possible plans to stop working and go back to the village because they aren’t earning enough to remit back to their families. The pandemic is another reminder of our global interconnectedness. It is a reminder of how an issue that is completely external can dramatically influence economies, both through on the ground effects like killing tourism, and through macro level effects like disrupting trade and weakening the currency.

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        Message from FSD Uganda Executive Director on COVID-19

        Message from FSD Uganda Executive Director on COVID-19

        Uganda confirmed its first case of COVID-19 this weekend. The Government of Uganda, together with private sector actors, continue to demonstrate great leadership by putting in place and adopting progressive measures aimed at protecting Ugandans and limiting the impact of the pandemic.

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