{
  "title": "Uganda: Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria",
  "publication": "IMF Staff Country Reports, July 10, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/uganda-second-review-under-the-policy-support-instrument-and-request-for-modification-of-41737",
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  "summary": "This paper focuses on Uganda’s Second Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. Economic performance of Uganda has been broadly favorable. Progress has been made on structural reforms, but further steps are needed.",
  "publishDate": "2014-07-10",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Focus: Uganda’s Second Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria.\n- Publication date: July 10, 2014.\n- IMF staff recommendation: Support completion of the second PSI review based on the proposed policies."
    },
    {
      "heading": "Economic performance and key findings",
      "content": "- Economic performance of Uganda has been \"broadly favorable.\"\n- Progress has been made on structural reforms, but \"further steps are needed.\""
    },
    {
      "heading": "Priority reforms and policy recommendations",
      "content": "- Start the construction of the two hydropower projects \"without further delay.\"\n- Approve and regulate the Public Financial Management Bill.\n- Strengthen accounting controls.\n- Expected amendments to the Bank of Uganda Act should support the inflation targeting regime."
    },
    {
      "heading": "IMF assessment",
      "content": "- Based on the proposed policies, the IMF staff supports completion of the second PSI review."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Budget planning and preparation, Expenditure, Public debt, Public financial management (PFM), Revenue administration.\n- 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.\n\n---\n\n Content in this bundle\n\n- cr14195\n  - cr14195 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr14195 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/uganda-second-review-under-the-policy-support-instrument-and-request-for-modification-of-41737"
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    "[Markdown version](/en/publications/cr/issues/2016/12/31/uganda-second-review-under-the-policy-support-instrument-and-request-for-modification-of-41737/index.md)",
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    "Published: July 10, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498374873.002",
    "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 of Uganda has been \"broadly favorable.\"",
    "Progress has been made on structural reforms, but \"further steps are needed.\"",
    "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.",
    "Based on the proposed policies, the IMF staff supports completion of the second PSI review.",
    "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.",
    "**_cr14195**"
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