{
  "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": "IMF Staff Country Reports, June 20, 2007",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/uganda-first-review-under-the-policy-support-instrument-and-modifications-to-assessment-21102",
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  "summary": "The staff report for the First Review under the Policy Support Instrument and Modifications to Assessment Criteria 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.",
  "publishDate": "2007-06-20",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary findings and focus",
      "content": "- The document is the staff report for the First Review under the Policy Support Instrument and Modifications to Assessment Criteria.\n- The report discusses Uganda’s medium-term expenditure framework (MTEF).\n- The MTEF aims at higher public savings based on spending restraint and a rising domestic revenue ratio.\n- The Bank of Uganda (BOU) will rely on a combination of foreign exchange sales and open market operations to sterilize liquidity.\n- Better and more extensive transport networks and expansion of the pool of long-term savings are identified as critical for sustainable economic growth."
    },
    {
      "heading": "Policy recommendations and program design",
      "content": "- Implement the MTEF to achieve higher public savings through spending restraint.\n- Raise the domestic revenue ratio to support fiscal consolidation and public savings objectives.\n- Use a combination of foreign exchange sales and open market operations at the BOU to sterilize liquidity.\n- Prioritize improvements in transport networks to support sustainable growth.\n- Expand the pool of long-term savings to finance investment and growth."
    },
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      "heading": "Publication and document metadata",
      "content": "- 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\n- Publication date: June 20, 2007\n- Pages: 60\n- Volume: 2007\n- Issue: 212\n- Series: Country Report No. 2007/212\n- DOI: https://doi.org/10.5089/9781451838831.002\n- Stock No: 1UGAEA2007002\n- ISBN: 9781451838831\n- ISSN: 1934-7685"
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Arrears, Balance of payments statistics, Budget planning and preparation, Economic and financial statistics, Financial statistics, Foreign exchange, Government finance statistics, Inflation, Monetary statistics\n- 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\n\nStaff 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\n\n---\n\n Content in this bundle\n\n- cr07212\n  - cr07212 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr07212 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/uganda-first-review-under-the-policy-support-instrument-and-modifications-to-assessment-21102"
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    "Published: June 20, 2007",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451838831.002",
    "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.",
    "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 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: 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",
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