Uganda: Fifth Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; and Press Release
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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:
Banking Budget planning and preparation Central banks Credit Expenditure International reserves Money Public debt Public financial management (PFM)
Frequency:
Monthly
English
Publication Date:
July 7, 2009
ISBN/ISSN:
9781451838886/1934-7685
Stock No:
1UGAEA2009003
Pages:
50
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