This intuition has been confirmed by a few studies of sectoral developments using a set of indicators that measure differences in the regulatory restrictions of non-manufacturing sectors of OECD countries. 10 By and large, these studies find that highly regulated environments tend to be associated with lower investment and productivity growth.
Bank of Uganda has also taken the following measures to promote financial inclusion:   Promoted Mobile Money transfer services    Designed a regulatory framework for Tier 4 institutions that includes the regulation of SACCOs    Promoted the development of an effective framework for financial literacy and financial consumer protection    Made proposals to amend the Financial Institutions Act 2004 to provide for Islamic Banking and Finance.