Uganda: Fifth Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; and Press Release

Publication Date:

July 7, 2009

Electronic Access:

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Summary:

This paper discusses key findings of the Fifth Review under the policy support instrument for Uganda. Strong fundamentals and prudent economic policies of the past give Uganda scope to implement measured countercyclical policies without undermining macroeconomic stability. Monetary policy has been gradually eased in the face of the dry-up in private external financing. In spite of the slowdown-induced shortfall in tax revenue, the fiscal authorities are committed to accelerate and improve execution of investment spending to provide a positive impulse to growth and remove critical bottlenecks.

Series:

Country Report No. 2009/202

Subject:

Frequency:

Monthly

English

Publication Date:

July 7, 2009

ISBN/ISSN:

9781451838886/1934-7685

Stock No:

1UGAEA2009003

Pages:

50

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