## 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_

## Source details

**Canonical URL:** [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](https://www.imf.org/en/publications/cr/issues/2016/12/31/uganda-first-review-under-the-policy-support-instrument-and-modifications-to-assessment-21102)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/uganda-first-review-under-the-policy-support-instrument-and-modifications-to-assessment-21102/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/uganda-first-review-under-the-policy-support-instrument-and-modifications-to-assessment-21102/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/uganda-first-review-under-the-policy-support-instrument-and-modifications-to-assessment-21102/bundle-manifest.json)

## 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*

---

## Content in this bundle

- **_cr07212**
  - [_cr07212 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2007/_cr07212.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr07212 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2007/_cr07212.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/uganda-first-review-under-the-policy-support-instrument-and-modifications-to-assessment-21102_