Bank of Uganda (BOU) Jobs – Head, Policy Analysis And Development Division

Bank of Uganda (BoU) seeks to recruit suitably qualified, self-driven, result-oriented and motivated individuals to fill the following vacancies existing in the Research Department.

Duty Station: Kampala, Uganda

MAIN RESPONSIBILITIES: Advising Director Research on appropriate policy strategies related to macroeconomic management in Uganda; Ensuring that the Division regularly advises on monetary, financial, external and real sector policy issues, and those areas of structural policies that may affect the conduct of monetary policy; Accountable for the policy and technical aspects of the Department; and, Assist the Director in the day-to-day administration of the Division, including assignment of duties to staff within the division.

Ensure that the Bank’s monetary policy is formulated within a well-coordinated Financial Program from month to month; Advise on the Financial Policy aspects needed for the effective conduct of monetary policy; Ensure that there is an acceptable Framework of the Monetary Program for Uganda from time to time, which can be negotiated with the Government of Uganda, the World Bank and International Monetary Fund Missions to Uganda; Advise Director Research on harmonizing monetary and financial policy with fiscal policy; Represent the Bank on the Government Cash flow Committee; the Balance of Payments working Group; and the Macroeconomic Monitoring Committee; Closely monitor and advise on potential areas of harmonization of monetary, financial and external sector policies with member countries of Regional Economic Blocks to which Uganda is a member, multilateral agencies and other bilateral agencies; Advise the Director Research on trade policy issues that are likely to affect the balance of payments position and overall macroeconomic management; Regularly advise on macroeconomic policies and developments in other regional partners that may affect the overall macroeconomic policy environment in Uganda and the regional integration agenda; Ensure the implementation of decisions made by various regional integration organs, continuously monitor and review the progress of implementation of past decisions, and facilitate the coordination and dissemination of information within the bank, and between the bank and line ministries, ministries responsible for regional cooperation and the regional Secretariats; Represent the Bank as an alternate member in local preparatory and coordination meetings with government line ministries and other stakeholders and in other regional fora; Deputize and/or assist the Director Research on the policy and technical aspects of the Department; Ensure that the policy aspects of the monthly, quarterly, and annual reports of BOU are presented in a coordinated manner; and, Pursue other work arising from own innovation and any other duties prescribed from time to time by the Executive Director, Research and the Director, Research.

MAIN OUTPUTS:  Policy oriented papers for senior management, covering weekly monetary trends, monthly and quarterly monetary and banking developments, and policy recommendations based on trends in current and prospective monetary trends and developments; Policy advice reports to BOU’s management on developments and policy prescriptions regarding macroeconomic management in Uganda; Policy-oriented research papers on monetary policy and financial sector policy, regional integration and trade policy issues and any other aspects of structural policy that are pertinent to macroeconomic management in Uganda; and, Summaries of seminars and debates organized by the division in the area of monetary and financial policies.



  • A PhD in Economics with a bias in Macroeconomics.


  • At least four (4) years of relevant working experience in academia or a research based institution; Must have published at least two (2) articles in reputable journals;


  • Should be between 35 and 45 years of age.


  • Computer literacy; Good analytical and policy oriented report writing skills; and, Good interpersonal relations.

All applications must be forwarded electronically using the iRecruitment Application on the BOU website,, under Careers in BOU. A help manual to guide prospective candidates through the application procedure can be accessed by using the hyperlink Bank of Uganda iRecruitment Instructions. Candidates MUST ensure that they indicate the class of their degree(s) in their applications. Attachments to the application(s) MUST include; scanned copies of academic and professional certificates, and a detailed Curriculum Vitae which should include names of three (3) referees and their contacts. The maximum size of attachments is 500Kb. Multiple documents of sizes smaller than 500Kb can be attached.
Please note that: Only shortlisted candidates will be contacted. The appointing authority reserves the right to appoint successful candidates to a higher or lower level than advertised, as deemed fit. The remuneration packages are competitive and attractive. Applications should reach not later than Monday January 30, 2012.

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