Uganda: Seventh Review Under the Policy Support Instrument-Press Release; and Staff Report
January 10, 2017
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The economy has performed reasonably well in a complex environment. Growth slowed marginally in FY15/16, reflecting muted sentiment in an election year and adverse global and regional developments. Growth should nudge up in FY16/17 to 5 percent, low compared to past performance and regional peers. Credit to the private sector has stalled, and non-performing loans (NPLs) have increased, also reflecting domestic government arrears. The current account deficit is fully financed. The Shilling has stabilized after a sharp depreciation in 2015, and international reserve coverage remains adequate.
Subject: Debt sustainability, Economic and financial statistics, Expenditure, External debt, Government finance statistics, Public and publicly-guaranteed external debt, Public debt, Public investment and public-private partnerships (PPP)
Keywords: core inflation, CR, deficit, deficit target, East AFRITAC mission, fell short, Global, government, Government finance statistics, ISCR, Public and publicly-guaranteed external debt, Public investment and public-private partnerships (PPP), scaling-up of infrastructure investment, supply and use tables
Pages:
82
Volume:
2017
DOI:
Issue:
007
Series:
Country Report No. 2017/007
Stock No:
1UGAEA2017001
ISBN:
9781475565225
ISSN:
1934-7685
