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
IMF Staff Country Reports, March 5, 2009
Source details
- Canonical URL
- 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
Other formats
Bibliographic details
- Published: March 5, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451838879.002
Executive summary and macroeconomic assessment
- The staff report presents Uganda’s combined 2008 Article IV Consultation and Fourth Review Under the Policy Support Instrument.
- Building on a foundation of two decades of sound policies, Uganda achieved:
- high growth,
- low inflation,
- steady poverty reduction.
- Date of publication: March 5, 2009.
Financial sector risks and vulnerabilities
- The report highlights that a 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,
- increasing risk appetite owing to intensifying competition from the surge of new banks.
Subjects and thematic focus
- 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