Uganda : Third Review Under the Policy Support Instrument, Request for Waiver of Nonobservance of an Assessment Criterion, and Request for Modification of Assessment Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda

Publication Date: June 05, 2012
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Summary: This paper presents key findings of the Third Review for Uganda under the policy support instrument. Monetary policy has been tightened significantly to reduce core inflation, supported by a contractionary fiscal stance. All but one of the seven quantitative assessment criteria were met at end-June; most structural benchmarks were met, although several with delay. Tighter monetary and fiscal policies in the near term aim to reduce inflation rapidly, while medium-term policies strive to create fiscal space to support stepped-up public infrastructure investment.
Series: Country Report No. 12/125
Subject(s): Bank supervision | Banking sector | Credit expansion | External borrowing | Infrastructure | Performance criteria waivers | Policy Support Instrument | Public investment | Staff Reports

Publication Date: June 05, 2012
ISBN/ISSN: 9781475503975/1934-7685 Format: Paper
Stock No: 1UGAEA2012001 Pages: 71
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