Uganda: 2008 Article IV Consultation and Fourth Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda

March 5, 2009

Preview Citation

Format: Chicago

Uganda: 2008 Article IV Consultation and Fourth Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda, (USA: International Monetary Fund, 2009) accessed September 21, 2024

Summary

The staff report for Uganda’s combined 2008 Article IV Consultation and Fourth Review Under the Policy Support Instrument is presented. Building on a foundation of two decades of sound policies, Uganda achieved an impressive economic performance, with high growth, low inflation, and steady poverty reduction. The deteriorating economic environment could expose weaknesses in banks’ risk management practices, gaps in home-host supervisory arrangements, operational risks as financial innovation outpaces banks’ systems and controls, and increasing risk appetite owing to intensifying competition from the surge of new banks.

Subject: Economic and financial statistics, Exchange rates, External debt, Foreign exchange, Monetary statistics, Public debt

Keywords: Africa, CR, Debt, Exchange rates, Fiscal policy tool, Global, IMF's framework, Inflation trend, ISCR, Monetary policy, Monetary statistics, Pose downside risk, Sub-Saharan Africa, Uganda, Uganda's economy

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/079
Stock No:

1UGAEA2009002
ISBN:

9781451838879
ISSN:

1934-7685

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