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Uganda - Glossary Index
https://photius.com/countries/uganda/glossary/index.html
Sources: The Library of Congress Country Studies; CIA World Factbook

      Glossary -- Uganda

      age-set
      A group of persons of the same sex and approximately the same age who have been initiated together or who have passed through other social experiences together.
      clan
      A group whose members are descended in the male line from a putative common male ancestor (patriclan) or in the female line from a putative common female ancestor (matriclan--not reported in Uganda). Clans may be divided into subclans organized on the same principle or into lineages (q.v.) believed to be linked by descent from a remote common ancestor.
      fiscal year (FY)
      Uganda's fiscal year runs from July 1 to June 30. Fiscal year dates of reference correspond to the year in which the period ends. For example, fiscal year 1990 began July 1, 1989 and ended June 30, 1990.
      gross domestic product (GDP)
      A measure of the total value of goods and services produced by a domestic national economy during a given period, usually one year. Obtained by adding the value contributed by each sector of the economy in the form of profits, compensation to employees, and depreciation (consumption of capital). Only domestic production is included, not income arising from investments and possessions owned abroad, hence the use of the word "domestic" to distinguish GDP from gross national product (q.v.). Real GDP is the value of GDP when inflation has been taken into account. In this book, subsistence production is included and consists of the imputed value of production by the farm family for its own use and the imputed rental value of owner-occupied dwellings. In countries lacking sophisticated data-gathering techniques, such as Uganda, the total value of GDP is often estimated.
      gross national product (GNP)
      The total market value of all final goods and services produced by an economy during a year. Obtained by adding the gross domestic product (q.v.) and the income received from abroad by residents and then subtracting payments remitted abroad to nonresidents. Real GNP is the value of GNP when inflation has been taken into account.
      International Monetary Fund (IMF)
      Established along with the World Bank (q.v.) in 1945, the IMF is a specialized agency affiliated with the United Nations; it is responsible for stabilizing international exchange rates and payments. The main business of the IMF is the provision of loans to its members (including industrialized and developing countries) when they experience balance-of-payments difficulties. These loans frequently carry conditions that require substantial internal economic adjustments by the recipients, most of which are developing countries.
      lineage
      A group whose members are descended through males from a common male ancestor (patrilineage) or through females from a common female ancestor (matrilineage--not reported in Uganda). Such descent can in principle be traced. Lineages vary in genealogical depth from the ancestor to living generations; the more extensive ones often are internally segmented.
      Paris Club
      The informal name for a consortium of Western creditor countries that have made loans or have guaranteed export credits to developing nations and that meet in Paris to discuss borrowers' ability to repay debts. The organization has no formal or institutional existence and no fixed membership. Its secretariat is run by the French treasury, and it has a close relationship with the World Bank (q.v.), the International Monetary Fund (q.v.), and the United Nations Conference on Trade and Development (UNCTAD).
      patrilineage
      A group of male and female descendants of a male ancestor, each of whom is related to the common ancestor through male forebears.
      special drawing right(s) (SDRs)
      Monetary unit(s) of the International Monetary Fund (IMF-- q.v.) based on a basket of international currencies consisting of the United States dollar, the German deutsche mark, the Japanese yen, the British pound sterling, and the French franc.
      Uganda shilling
      USh; basic unit of currency divided into 100 cents. The Uganda shilling was introduced in 1966 and was tied to the United States dollar until 1975, when its value was tied to the special drawing right (SDR; q.v.) of the IMF (q.v.). In 1986 the Uganda shilling was officially valued at US$1 = USh1450. A new Uganda shilling was introduced in May 1987. It involved an effective devaluation of 76 percent, was given an official value equal to 100 old shillings, and had an international exchange rate of US$1 = USh60. Successive devaluations in 1988, 1989, and 1990 reduced the official dollar value to US$1 = USh510 by late 1990.
      World Bank
      International name used to designate a group of three affiliated international institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), and the International Finance Corporation (IFC). The IBRD, established in 1945, has as its primary purpose the provision of loans to developing countries for productive projects. The IDA, a legally separate loan fund administered by the staff of the IBRD, was set up in 1960 to furnish credits to the poorest developing countries on much easier terms than those of conventional IBRD loans. The IFC, founded in 1956, supplements the activities of the IBRD through loans and assistance designed specifically to encourage the growth of productive private enterprises in the less- developed countries. The president and certain senior officers of the IBRD hold the same positions in the IFC. The three institutions are owned by the governments of the countries that subscribe their capital. To participate in the World Bank group, member states must first belong to the IMF (q.v.).

    NOTE: The information regarding Uganda on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Uganda Glossary information contained here. All suggestions for corrections of any errors about Uganda Glossary should be addressed to the Library of Congress and the CIA.

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