Uganda: Fifth Review Under The Policy Support Instrument And Request For Program Extension: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda

January 25, 2013

Summary

Uganda has benefited from international reserve accumulation. The fiscal stance is tighter mainly owing to delays in execution of a large hydropower project. A suspension of budget support owing to theft of donor funds has curtailed spending plans and hurt growth prospects. The authorities have acknowledged the damage from corruption and responded to the concerns of development partners. Tight policies have led to the achievement of program targets. Sound macroeconomic policies need to be accompanied by reinforced efforts to fight corruption.

Subject: Banking, Budget planning and preparation, Commercial banks, Expenditure, Financial institutions, Inflation, Oil, gas and mining taxes, Prices, Public financial management (PFM), Taxes

Keywords: authorities' fiscal policy, authority, Budget planning and preparation, budget support, Commercial banks, core inflation, CR, disinflationary effort, fiscal policy, gas and mining taxes, Global, government finances, increase transparency, Inflation, ISCR, management, monetary policy, Oil

Pages:
69
Volume:
2013
DOI:
https://doi.org/10.5089/9781475532517.002
Issue:
025
Series:
Country Report No. 2013/025
Stock No:
1UGAEA2013001
ISBN:
9781475532517
ISSN:
1934-7685

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