Uganda: First Review Under the Policy Support Instrument and Modifications to Assessment Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
IMF Staff Country Reports, June 20, 2007
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- Uganda: First Review Under the Policy Support Instrument and Modifications to Assessment Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
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Bibliographic details
- Published: June 20, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451838831.002
Summary findings and focus
- The document is the staff report for the First Review under the Policy Support Instrument and Modifications to Assessment Criteria.
- The report discusses Uganda’s medium-term expenditure framework (MTEF).
- The MTEF aims at higher public savings based on spending restraint and a rising domestic revenue ratio.
- The Bank of Uganda (BOU) will rely on a combination of foreign exchange sales and open market operations to sterilize liquidity.
- Better and more extensive transport networks and expansion of the pool of long-term savings are identified as critical for sustainable economic growth.
Policy recommendations and program design
- Implement the MTEF to achieve higher public savings through spending restraint.
- Raise the domestic revenue ratio to support fiscal consolidation and public savings objectives.
- Use a combination of foreign exchange sales and open market operations at the BOU to sterilize liquidity.
- Prioritize improvements in transport networks to support sustainable growth.
- Expand the pool of long-term savings to finance investment and growth.
Publication and document metadata
- Publication title: Uganda: First Review Under the Policy Support Instrument and Modifications to Assessment Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
- Publication date: June 20, 2007
- Pages: 60
- Volume: 2007
- Issue: 212
- Series: Country Report No. 2007/212
- DOI: https://doi.org/10.5089/9781451838831.002
- Stock No: 1UGAEA2007002
- ISBN: 9781451838831
- ISSN: 1934-7685
Subjects and keywords
- Subjects: Arrears, Balance of payments statistics, Budget planning and preparation, Economic and financial statistics, Financial statistics, Foreign exchange, Government finance statistics, Inflation, Monetary statistics
- Keywords: assistance, Balance of payments statistics, CR, debt management strategy, Executive Board discussion, Financial statistics, Global, government, Government finance statistics, IMF's framework, inflation objective, ISCR, Monetary statistics, PSI-supported program, strategy
Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda — IMF Staff Country Reports (Country Report No. 2007/212), June 20, 2007