Uganda : Fifth Review Under the Policy Support Instrument and Request for Waiver of an Assessment Criterion and Modification of Assessment Criteria-Press Release; and Staff Report

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

November 20, 2015

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses Uganda’s Fifth Review Under the Policy Support Instrument (PSI) and Request for Waiver of an Assessment Criterion and Modification of Assessment Criteria. The economy of Uganda has fared well in a difficult environment. Program performance under the PSI was generally positive. All end-June and continuous quantitative assessment criteria were observed, with one exception, and so were most indicative targets. Inflation remained within the bands of the consultation clause. An unprecedented increase in tax revenue was a key achievement. However, further progress on structural reforms is needed. The authorities are rightly adjusting the policy mix. The IMF staff recommends completing the fifth review under the PSI.

Series:

Country Report No. 15/321

Subject:

English

Publication Date:

November 20, 2015

ISBN/ISSN:

9781513508702/1934-7685

Stock No:

1UGAEA2015002

Format:

Paper

Pages:

85

Please address any questions about this title to publications@imf.org