Uganda’s Deposit Protection Fund (DPF) has agreed on rules to stem systemic risks and maximise asset recovery in the event of bank failures as part of a five-year crisis management plan seeking to bolster depositor confidence and open up the banking sector to more investments.The rules contained in the liquidation policy and procedures manual provide […]

East African central banks are keen on anchoring inflation expectations to reduce the cost of living and attempt to comply with the elusive macroeconomic convergence conditions for a single currency regime.These include a debt-to-gross domestic product (GDP) ratio of 50 percent, fiscal deficit (including grants) of three percent of the GDP, overall inflation of eight […]