Uganda: 2006 Article IV Consultation and Staff Report for the 2006 Article IV Consultation, First Review of the Policy Support Instrument, Request for Waiver of Assessment Criteria, and Request for a Three-Year Policy Support Instrument: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
January 30, 2007
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This 2006 Article IV Consultation highlights that an acute electricity crisis threatens Uganda’s macroeconomic performance. The regional drought in 2005/06 reduced Uganda’s already inadequate hydropower-generating capacity, resulting in a production gap of nearly one-half of demand. The authorities have requested a new three-year policy support instrument in support of their near- and medium-term policies. The authorities’ main objectives are to sustain macroeconomic stability while tackling the ongoing electricity crisis and addressing other infrastructure deficiencies to alleviate existing constraints on growth.
Subject: Arrears, Asset and liability management, Budget planning and preparation, Debt relief, External debt, Foreign exchange, Infrastructure, National accounts, Poverty, Poverty reduction
Keywords: Arrears, CR, Debt relief, Executive Board discussion, GDP, government, government budget strategy, IMF's Policy Support Instrument, Infrastructure, infrastructure bottleneck, ISCR, policy, Poverty reduction, PSI-supported program, Sub-Saharan Africa
Pages:
92
Volume:
2007
DOI:
Issue:
029
Series:
Country Report No. 2007/029
Stock No:
1UGAEA2007001
ISBN:
9781451838824
ISSN:
1934-7685
