Uganda: Sixth Review Under the Policy Support Instrument and Request for a One-Year Extension-Press Release; Staff Report; and Statement by the Executive Director for Uganda

June 9, 2016

Preview Citation

Format: Chicago

Uganda: Sixth Review Under the Policy Support Instrument and Request for a One-Year Extension-Press Release; Staff Report; and Statement by the Executive Director for Uganda, (USA: International Monetary Fund, 2016) accessed September 18, 2024

Summary

This paper review Uganda’s economic performance under the program supported by the Policy Support Instrument. Despite sluggish growth in credit to the private sector, GDP growth has been supported by the implementation of large public investments. Inflation has started to decelerate toward the medium-term target, allowing for monetary policy easing. Adverse weather developments, regional and global-political and economic uncertainties, and post-election fiscal pressures may challenge the achievement of short-term growth and inflation objectives. However, provided progress on structural reforms is accelerated, the medium-term outlook remains positive, supported by future oil production, increased regional integration and inter-regional trade, and implementation of significant infrastructure projects.

Subject: Economic and financial statistics, Expenditure, Government finance statistics, Public debt, Public investment and public-private partnerships (PPP), Public investment spending

Keywords: Act amendment, Core inflation, CR, East Africa, Global, Government finance statistics, Inflation consultation clause, ISCR, Monetary policy easing, Public investment and public-private partnerships (PPP), Public investment spending, Uganda's economy, Uganda's program

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/145
Stock No:

1UGAEA2016001
ISBN:

9781484382547
ISSN:

1934-7685

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