Uganda: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
July 18, 2003
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Uganda showed strong macroeconomic stability, low inflation, and poverty reduction under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors commended the monetary and exchange rate policies, and stressed the need to strengthen fiscal sustainability and maintain a healthy financial sector. They emphasized the need to improve the infrastructure, expand financial intermediation, enhance governance to improve the investment climate, and encourage private sector-led investment and growth. They agreed that Uganda has successfully completed the first review under the PRGF Arrangement, and approved waiver.
Subject: Arrears, Budget planning and preparation, Commercial banks, Defense spending, Expenditure, External debt, Poverty, Poverty reduction strategy, Public financial management (PFM)
Keywords: Arrears, Budget planning and preparation, CR, Defense spending, excise tax regime, expenditure management systems, Global, government, ISCR, Poverty reduction strategy, PRGF arrangement, PRGF loan, stabilization effort
Pages:
71
Volume:
2003
DOI:
Issue:
213
Series:
Country Report No. 2003/213
Stock No:
1UGAEA0052003
ISBN:
9781451838718
ISSN:
1934-7685
