Uganda: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uganda
IMF Staff Country Reports, May 7, 2019
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- Uganda: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uganda
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Bibliographic details
- Published: May 7, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498313667.002
Development progress and challenges
- Uganda has made impressive development gains and achieved the Millennium Development Goal on halving poverty ahead of schedule.
- Going forward, Uganda must create over 600,000 jobs per year to keep up with its growing population while continuing progress on poverty reduction and the Sustainable Development Goals.
Growth outlook and strategy
- Authorities’ development strategy centers on infrastructure and a nascent oil sector.
- If investments proceed as planned, growth could range between 6 and 7 percent over the next five years.
Fiscal framework and public financial management
- Adopt an effective fiscal anchor to guide policy and ensure sustainability.
- Strengthen the budget process to become more binding for fiscal outcomes.
Human capital and inclusive growth
- Support human capital development to sustain long-term growth.
- Make growth more inclusive by improving the efficiency of public services.
- Provide adequate budget allocations for social sectors.
Governance, anti-corruption, and financial integrity
- Strengthen implementation and institutions of the governance and anti-corruption framework.
- Ensure that the Anti-Money Laundering/Countering the Financing of Terrorism regime is brought in line with international standards.
Source: Uganda: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uganda (IMF), May 7, 2019.
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