Uganda : Seventh Review Under the Policy Support Instrument-Press Release; and Staff Report

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

January 10, 2017

Electronic Access:

Free Full Text (PDF file size is 1389 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The economy has performed reasonably well in a complex environment. Growth slowed marginally in FY15/16, reflecting muted sentiment in an election year and adverse global and regional developments. Growth should nudge up in FY16/17 to 5 percent, low compared to past performance and regional peers. Credit to the private sector has stalled, and non-performing loans (NPLs) have increased, also reflecting domestic government arrears. The current account deficit is fully financed. The Shilling has stabilized after a sharp depreciation in 2015, and international reserve coverage remains adequate.

Series:

Country Report No. 17/7

Subject:

English

Publication Date:

January 10, 2017

ISBN/ISSN:

9781475565225/1934-7685

Stock No:

1UGAEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

82

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