{
  "title": "Uganda: Seventh Review Under the Policy Support Instrument, Request for a New Policy Support Instrument and Cancellation of Current Policy Support Instrument: Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda",
  "publication": "IMF Staff Country Reports, May 17, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/uganda-seventh-review-under-the-policy-support-instrument-request-for-a-new-policy-support-23874",
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  "summary": "This paper discusses key findings of the Seventh Review Under the Policy Support Instrument (PSI) for Uganda. The medium-term outlook for Uganda remains favorable but risks are on the rise.",
  "publishDate": "2010-05-17",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key findings and medium-term outlook",
      "content": "- The medium-term outlook for Uganda remains favorable but risks are on the rise.\n- Growth is expected to rebound to its potential in the coming two years on the heels of a supportive fiscal stance and higher global and regional growth.\n- The economy remains vulnerable to exogenous shocks as well as to election-related uncertainties.\n- IMF staff supports the authorities’ request for a new three-year PSI to anchor their near- and medium-term policies."
    },
    {
      "heading": "Analysis highlights",
      "content": "- Fiscal policy stance: characterized as supportive and expected to underpin the anticipated growth rebound.\n- External environment: higher global and regional growth cited as a contributing factor to domestic recovery prospects.\n- Risk assessment:\n  - Exogenous shocks identified as a continuing downside risk.\n  - Election-related uncertainties highlighted as a specific domestic risk factor."
    },
    {
      "heading": "Policy recommendations and program support",
      "content": "- Support for a new program:\n  - IMF staff supports the authorities’ request for a new three-year Policy Support Instrument (PSI) intended to anchor near- and medium-term policies.\n- Implicit policy priorities (as reflected in the review):\n  - Maintain a supportive fiscal stance consistent with sustaining the growth rebound.\n  - Manage vulnerabilities to exogenous shocks and mitigate election-related uncertainties through appropriate policy buffers and contingency measures.\n  - Continue engagement on public financial management, external debt, and fiscal frameworks consistent with PSI objectives.\n\nInternational Monetary Fund. \"Uganda: Seventh Review Under the Policy Support Instrument, Request for a New Policy Support Instrument and Cancellation of Current Policy Support Instrument: Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda.\" IMF Staff Country Reports 2010, 132 (2010).\n\n---\n\n Content in this bundle\n\n- cr10132\n  - cr10132 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr10132 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/uganda-seventh-review-under-the-policy-support-instrument-request-for-a-new-policy-support-23874"
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    "Published: May 17, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455204366.002",
    "The medium-term outlook for Uganda remains favorable but risks are on the rise.",
    "Growth is expected to rebound to its potential in the coming two years on the heels of a supportive fiscal stance and higher global and regional growth.",
    "The economy remains vulnerable to exogenous shocks as well as to election-related uncertainties.",
    "IMF staff supports the authorities’ request for a new three-year PSI to anchor their near- and medium-term policies.",
    "Fiscal policy stance: characterized as supportive and expected to underpin the anticipated growth rebound.",
    "External environment: higher global and regional growth cited as a contributing factor to domestic recovery prospects.",
    "Risk assessment:",
    "Support for a new program:",
    "Implicit policy priorities (as reflected in the review):",
    "**_cr10132**"
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