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Kasubi tombs, world heritage site in Kampala, Uganda

Kasubi tombs, world heritage site in Kampala, Uganda.

Uganda Resident Representative Site

Resident Representative Office in Uganda

This web page presents information about the work of the IMF in Uganda, including the activities of the IMF Resident Representative Office. Additional information can be found on the Uganda and IMF country page, including IMF reports and Executive Board documents that deal with Uganda.

At a Glance : Uganda's Relations with the IMF

  • Current IMF membership: 188 countries
  • Uganda joined the Fund on September 27, 1963
  • Quota: SDR 180.50 million
  • Outstanding loans: Enhanced Structural Adjustment Facility (ESAF)/Poverty Reduction and Growth Facility (PRGF) arrangements SDR 6.00 million
  • The last Article IV Executive Board Consultation was on January 07, 2009 (Country Report 09/79)
  • The Fund has maintained a resident representative in Uganda since July 1982

News — Highlights

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Economic Policy Research Centre — Fall 2011 African Regional Economic Outlook: Sustaining the Expansion

Presentation by Laure Redifer, Senior Economist African Department, and Thomas Richardson, Senior IMF Resident Representative, at the EPRC/Makarere University, Kampala; October 2011 click for more

Uganda Economic Outlook — In the context of global uncertainty

URA Consultative Business Forum; By Thomas Richardson; Senior IMF Resident Representative; August 25, 2011 click for more

Uganda Budget 2011/12: Macroeconomic Context

Presentation bu the RR in Uganda at the PwC Budget Breakfast click for more

IMF – NORAD Regional Conference on Petroleum Taxation

The International Monetary Fund held a conference in Kampala, Uganda, June 29 to July 1, for officials from finance ministries and revenue authorities of 18 countries in Sub-Saharan Africa to discuss the design and implementation of fiscal regimes for petroleum exploration and extraction. click for more

Don't forget Africa

By Benedicte Vibe Christensen During the recent global financial crisis, the focus has understandably been on advanced and emerging market economies. click for more

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Uganda and the IMF

Enhancing Financial Sector Surveillance in Low-Income Countries - Case Studies

April 16, 2012
Subject: Financial sector | Kenya | Philippines | Uganda | Nepal | Mexico | Turkey | Uruguay | Surveillance | Low-income developing countries | Financial systems | Cross country analysis click for more

Press Release: Statement by the IMF Mission at the Conclusion of a Visit to Uganda

March 22, 2012

IMF Survey: IMF Promotes Better Economic Data in Africa

February 28, 2012
The IMF is helping a group of sub-Saharan African countries produce and disseminate higher-frequency data on economic growth.  click for more

Press Release: IMF Executive Board Concludes 2010 Article IV Consultation with Uganda

February 2, 2012

Press Release: IMF Executive Board Completes Third Review Under Policy Support Instrument for Uganda

January 13, 2012

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Regional Economic Outlook for Sub-Saharan Africa

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This year looks set to be another encouraging one for most sub-Saharan African economies. Reflecting mainly strong demand but also elevated commodity prices, the region's economy is set to expand by more than 5¼ percent in 2011. For 2012, the IMF staff's baseline projection is for growth to be higher at 5¾ percent, owing to one-off boosts to production in a number of countries. There are, however, specters at the feast: the increase in global food and fuel prices, amplified by drought affecting parts of the region, has hit the budgets of the poor and sparked rising inflation, and hesitations in the global recovery threaten to weaken export and growth prospects. The projection for 2012 for the region is highly contingent on global economic growth being sustained at about 4 percent. A further slowing of growth in advanced economies, curtailing global demand, would generate significant headwinds for the region's ongoing expansion, with more globally integrated countries likely to be most affected. Policies in the coming months need to tread a fine line between addressing the challenges that strong growth and recent exogenous shocks have engendered and warding off the adverse effects of another global downturn. In some slower-growing, mostly middle-income countries without binding financial constraints, policies should clearly remain supportive of output growth, even more so if global growth sputters. Provided the global economy experiences the currently predicted slow and steady growth, most of the region's low-income countries should focus squarely on medium-term considerations in setting fiscal policy while tightening monetary policy wherever nonfood inflation has climbed above single digits. In the event of a global downturn, subject to financing constraints, policies in these countries should focus on maintaining planned spending initiatives, while allowing automatic stabilizers to operate on the revenue side. For the region's oil exporters, better terms of trade provide a good opportunity to build up policy buffers against further price volatility. Click for more

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Resident Representative for Uganda

Thomas Richardson
Senior Resident Representative in Uganda
Kampala, Uganda
Tel: 256 (0) 414 233 955
E-mail: RR-UGA@imf.org