Professor Joseph Stiglitz on Market Failures in the Financial System
Developing countries must ensure that their financial systems serve their development agenda, Professor Joseph Stiglitz, a Nobel Laureate in Economics and Professor of Economics at Columbia University, has said.
“The Washington Consensus ideology has inflicted a high cost on developing countries, especially in Africa,” he observed.
President Yoweri Kaguta Museveni graced the lecture for the first time and made a few remarks.
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| |
April 2013 |
May 2013 |
| Headline |
3.4 |
3.6 |
| Core |
5.8 |
5.6 |
| EFU |
1.8 |
0.6 |
| Food |
-7.5 |
-5.2 |
| Currency |
Buying |
Selling |
| USD (9:30am) |
2,583.31 |
2,593.3 |
| USD (12:30pm) |
|
|
| USD (3:30pm) |
|
|
| GBP (09:30am) |
4,045.46 |
4,061.11 |
| EUR (9:30am) |
3,462.93 |
3,476.32 |
| KSH (9:30am) |
30.13 |
30.24 |
| TSH (9:30am) |
1.57 |
1.58 |
| USD 06/19/13-WAR |
2,583.52 |
2,593.36 |
| |
05/06/13 |
12/06/13 |
| IBRO |
9.71 |
6.20 |
| Margin |
3.00/4.00 |
3.00/4.00 |
| Rediscount Rate |
14.00 |
14.00 |
| Bank Rate |
15.00 |
15.00 |
| T/Bills (91 days) |
9.36 |
9.81 |
| T/Bonds (2 years) |
12.98 |
12.98 |
| T/Bonds (3 years) |
14.66 |
14.66 |
| T/Bonds (5 years) |
14.73 |
14.73 |
| T/Bonds (10 years) |
14.14 |
14.14 |
| |
Rate |
Month |
| Lending Rate |
24.62 |
April 2013 |
| Deposit Rate |
2.77 |
April 2013 |
