Uganda's Remittance Corridors from United Kingdom, United States and South Africa

Uganda’s Remittance Corridors

Discrepancies between the legal system and practices in the housing sector could increase informal housing and housing finance markets. Uganda has a legal system of land, registration, and mortgage law that is sufficient for a mortgage finance system. However, in practice, the land registration system is not sufficient and efficient enough to handle demand (Kleerekoeper 2005). As a result, land registration and mortgage financing do not work well in a timely manner. This could create incentives for people who have money to purchase housing without mortgages and not to register these properties with the land registry.

Notes Interview with Mr. Moses Kibirige, DFCU executive director, UNAA official publication, UNAA Convention 2006.

Uganda's Remittance Corridors from United Kingdom, United States and South Africa

Published on Nov 22, 2010

World Bank Publications

About

This report, Remittance Corridors to Uganda: United Kingdom, United States, and South Africa, analyzes and compares three bilateral remittance corridors. The comparison highlights similarities and differences and the significance of the remittance-sending countries to Uganda in terms of volume, corridor formality, risks, and vulnerability to money laundering. It also describes Uganda as a remittance-receiving country and outlines the remittance flows, market players, distribution network, access and usage of remittance, regulatory framework, and measures taken toward anti-money laundering and combating financing of terrorism (AML/CFT). The issues and challenges faced by Uganda are identified and policy recommendations are made for both Uganda and remittance-sending countries.

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