expected to have large import content. Going forward, the improved productive capacity will narrow the deficit. Capital formation as a share of the total government budget >20 rose to 19.8 percent in 2012. Government capital investments grew by over 50 percent in 2012, signaling the government’s commitment to infrastructure development, 27.5%P especially development of the 15.6% 19.8% Domestic investment rate (% ) FY2012/13 road network and electricity (FY2010/11) (FY2011/12) generation. However, the level Projection) of government capital investments in 2012 fell below the amount planned for the year, mainly on account of procurement delays and compensation challenges which prevented some planned key projects from taking off. BOU set up a task force to address recommendations of the Implementation of the 25 core FSAP 2011 on BCPs; The task principles of bank supervision and force meets regularly to discuss regulation on agreed Action Plan progress on implementation of for Harmonization of bank supervision the FSAP recommendations and for the COMESA region has so far made significant progress on the following Core
expected to have large import content. Going forward, the improved productive capacity will narrow the deficit. Domestic investment rate (% ) 15.6% (FY2010/11) 19.8% (FY2011/12) 27.5%P FY2012/13 Projection) >20 Capital formation as a share of the total government budget rose to 19.8 percent in 2012. Government capital investments grew by over 50 percent in 2012, signaling the government’s commitment to infrastructure development, especially development of the road network and electricity generation. However, the level of government capital investments in 2012 fell below the amount planned for the year, mainly on account of procurement delays and compensation challenges which prevented some planned key projects from taking off. Implementation of the 25 core principles of bank supervision and regulation on agreed Action Plan for Harmonization of bank supervision for the COMESA region BOU set up a task force to address recommendations of the FSAP 2011 on BCPs; The task force meets regularly to discuss progress on implementation of the FSAP recommendations and has so far made significant progress on the following Core