Uganda: First Review Under The Policy Support Instrument
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Summary:
This paper discusses Uganda’s First Review Under the Policy Support Instrument (PSI). Growth has continued to recover from the 2011–2012 low. In an environment of declining inflation—recently halted by a drought-driven food price shock—the fiscal stimulus has been successful in driving economic activity, and a planned program of infrastructure investment is expected to boost growth further. The external accounts remain sustainable. The current account deficit declined mainly owing to a temporary slowdown of foreign direct investment-related imports. With satisfactory program performance, IMF staff supports completing the first PSI review and increasing the ceiling on nonconcessional borrowing.
Series:
Country Report No. 2013/375
Subject:
Economic and financial statistics External sector statistics Financial statistics Government finance statistics Inflation Prices Public debt Revenue administration
English
Publication Date:
December 30, 2013
ISBN/ISSN:
9781475522754/1934-7685
Stock No:
1UGAEA2013003
Pages:
75
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