Uganda: Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria
IMF Staff Country Reports, July 10, 2014
Source details
- Canonical URL
- Uganda: Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria
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Bibliographic details
- Published: July 10, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498374873.002
Overview
- Focus: Uganda’s Second Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria.
- Publication date: July 10, 2014.
- IMF staff recommendation: Support completion of the second PSI review based on the proposed policies.
Economic performance and key findings
- Economic performance of Uganda has been "broadly favorable."
- Progress has been made on structural reforms, but "further steps are needed."
Priority reforms and policy recommendations
- Start the construction of the two hydropower projects "without further delay."
- Approve and regulate the Public Financial Management Bill.
- Strengthen accounting controls.
- Expected amendments to the Bank of Uganda Act should support the inflation targeting regime.
IMF assessment
- Based on the proposed policies, the IMF staff supports completion of the second PSI review.
Subjects and keywords
- Subjects: Budget planning and preparation, Expenditure, Public debt, Public financial management (PFM), Revenue administration.
- Keywords: Africa, Budget planning and preparation, core inflation, CR, credit growth, East Africa, East mission, framework regime, ISCR, management, medium term inflation target, monetary policy, monetary policy formulation.