{
  "title": "Uganda: Sixth Review Under the Policy Support Instrument and Request for a One-Year Extension-Press Release; Staff Report; and Statement by the Executive Director for Uganda",
  "publication": "IMF Staff Country Reports, June 9, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/uganda-sixth-review-under-the-policy-support-instrument-and-request-for-a-one-year-extension-43947",
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  "summary": "This paper review Uganda’s economic performance under the program supported by the Policy Support Instrument. Despite sluggish growth in credit to the private sector, GDP growth has been supported by the implementation of large public investments.",
  "publishDate": "2016-06-09",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Review scope and central findings",
      "content": "- The paper reviews Uganda’s economic performance under the program supported by the Policy Support Instrument.\n- GDP growth has been supported by the implementation of large public investments.\n- Credit to the private sector has shown sluggish growth.\n- Inflation has started to decelerate toward the medium-term target, allowing for monetary policy easing."
    },
    {
      "heading": "Short-term risks and challenges",
      "content": "- Adverse weather developments.\n- Regional and global-political and economic uncertainties.\n- Post-election fiscal pressures.\n- These factors “may challenge the achievement of short-term growth and inflation objectives.”"
    },
    {
      "heading": "Medium-term outlook and conditions",
      "content": "- The medium-term outlook is described as positive, conditional on accelerated progress on structural reforms.\n- Key supports for the medium-term outlook identified:\n  - Future oil production.\n  - Increased regional integration and inter-regional trade.\n  - Implementation of significant infrastructure projects."
    },
    {
      "heading": "Policy implications highlighted",
      "content": "- Monetary policy: Deceleration in inflation provides space for monetary policy easing.\n- Structural reforms: Accelerated progress on structural reforms is necessary to secure the positive medium-term outlook.\n- Fiscal stance: Attention to post-election fiscal pressures is necessary to avoid undermining short-term objectives.\n\nInternational Monetary Fund. African Dept. \"Uganda: Sixth Review Under the Policy Support Instrument and Request for a One-Year Extension-Press Release; Staff Report; and Statement by the Executive Director for Uganda\", IMF Staff Country Reports 2016, 145 (2016), accessed 9/23/2026, https://doi.org/10.5089/9781484382547.002\n\n---\n\n Content in this bundle\n\n- cr16145\n  - cr16145 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16145 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/uganda-sixth-review-under-the-policy-support-instrument-and-request-for-a-one-year-extension-43947"
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    "Published: June 9, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484382547.002",
    "The paper reviews Uganda’s economic performance under the program supported by the Policy Support Instrument.",
    "GDP growth has been supported by the implementation of large public investments.",
    "Credit to the private sector has shown sluggish growth.",
    "Inflation has started to decelerate toward the medium-term target, allowing for monetary policy easing.",
    "Adverse weather developments.",
    "Regional and global-political and economic uncertainties.",
    "Post-election fiscal pressures.",
    "These factors “may challenge the achievement of short-term growth and inflation objectives.”",
    "The medium-term outlook is described as positive, conditional on accelerated progress on structural reforms.",
    "Key supports for the medium-term outlook identified:",
    "Monetary policy: Deceleration in inflation provides space for monetary policy easing.",
    "Structural reforms: Accelerated progress on structural reforms is necessary to secure the positive medium-term outlook.",
    "Fiscal stance: Attention to post-election fiscal pressures is necessary to avoid undermining short-term objectives.",
    "**_cr16145**"
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