Uganda : First Review Under The Policy Support Instrument

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

December 30, 2013

Electronic Access:

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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. 13/375

Subject:

English

Publication Date:

December 30, 2013

ISBN/ISSN:

9781475522754/1934-7685

Stock No:

1UGAEA2013003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

75

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