In 2006 most of the people of Uganda,with the notable exception of those in the conflict-blightedNorthern Region, enjoy a better quality of life and brighteropportunities in a stable and growing economy. Uganda'seconomy has bounced back beyond what could be regarded asrecovery, with real incomes per person now exceeding thelevels reached at Independence in 1962. The report structureis as follows: volume one synthesizes the conclusions fromanalysis in Volume two. In Chapter 1 of Volume two, emphasisis placed on understanding what drove past growth at macroand sector levels, and in particular, on how Uganda'sfirms and farms have evolved. Chapter 2 continues theretrospective of past growth in agriculture, the mostimportant sector of the economy. The report provides acomprehensive review of growth trends in agriculture, usingseveral data sources. The chapter provides fresh insights onrecent trends in poverty and inequality. Chapter 3 presentsgrowth diagnosis and it identifies short-term actions toremove emerging constraints to present and near-term futuregrowth. Chapter 4 models alternative future growth paths andthe impact o f alternative public investments on growthusing a SAM-based CGE model. The analysis reveals there islittle to be gained from 'robbing Peter to payPaul' for example fixing infrastructure by reducingeducation financing. Chapters 6 and 7 return to theshort-term priorities to remove binding constraints togrowth, and put meat on the actions identified in Chapter 3as being required in the financial sector (Chapter 6) and ininfrastructure (Chapter 7). Finally, Chapter 8 ends byassessing the scope for an externally financed scale up of infrastructure.
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