## Uganda: Second and Third Review under the Extended Credit Facility Arrangement; and Requests for a Waiver of Nonobservance of Performance Criterion and Rephasing of Access; Press Release; and Staff Report

_IMF Staff Country Reports, January 23, 2023_

## Source details

**Canonical URL:** [Uganda: Second and Third Review under the Extended Credit Facility Arrangement; and Requests for a Waiver of Nonobservance of Performance Criterion and Rephasing of Access; Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2023/01/23/uganda-second-and-third-review-under-the-extended-credit-facility-arrangement-and-requests-528504)

## Other formats

- [Markdown version](/en/publications/cr/issues/2023/01/23/uganda-second-and-third-review-under-the-extended-credit-facility-arrangement-and-requests-528504/index.md)
- [Structured JSON version](/en/publications/cr/issues/2023/01/23/uganda-second-and-third-review-under-the-extended-credit-facility-arrangement-and-requests-528504/index.json)
- [Bundle manifest](/en/publications/cr/issues/2023/01/23/uganda-second-and-third-review-under-the-extended-credit-facility-arrangement-and-requests-528504/bundle-manifest.json)

## Bibliographic details
- Published: January 23, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400230479.002

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### Overview and program context
- Paper covers Uganda’s Second and Third Reviews under the Extended Credit Facility (ECF) Arrangement, Requests for a Waiver of Nonobservance of Performance Criterion, and Rephasing of Access.
- The Ugandan authorities remain committed to implementing reforms supported by the ECF despite multiple shocks from an unfavorable external environment and new public health challenges.
- A structural benchmark on the asset declaration regime was converted into a prior action for the review and has been met.

### Macroeconomic objectives and policy focus
- Maintain macroeconomic stability.
- Improve budget composition.
- Reduce government financing needs to help boost private sector growth and improve people’s livelihoods.
- Continued resolute and timely implementation of structural reforms, including anticorruption and governance measures, is identified as key for the success of the program.

### Risks and challenges
- Main risks identified:
  - The Ebola outbreak.
  - Rising security challenges.
  - Further spillovers from the war in Ukraine.
- Uganda’s moderate level of public debt and continued access to concessional financing would provide space to achieve program objectives.

### Institutional and procedural notes
- Publication series: IMF Staff Country Reports.
- Format and identifiers:
  - Pages: 96
  - Volume: 2023
  - Issue: 040
  - Series: Country Report No. 2023/040
  - DOI: https://doi.org/10.5089/9798400230479.002
  - Stock No: 1UGAEA2023001
  - ISBN: 9798400230479
  - ISSN: 1934-7685
  - Publication date on page: January 23, 2023

### Subjects and keywords
- Subjects: Credit, Imports, Inflation, International organization, International trade, Monetary policy, Money, Prices, Public debt, Revenue administration
- Keywords: core inflation, Credit, data release, energy price shock, Global, high frequency indicator, Imports, Inflation, staff appraisal

*International Monetary Fund. Uganda: Second and Third Review under the Extended Credit Facility Arrangement; and Requests for a Waiver of Nonobservance of Performance Criterion and Rephasing of Access; Press Release; and Staff Report. Country Report No. 2023/040. January 23, 2023.*

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## Content in this bundle

- **1ugaea2023001**
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  - [1ugaea2023001 (PDF)](/-/media/files/publications/cr/2023/english/1ugaea2023001.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2023/01/23/uganda-second-and-third-review-under-the-extended-credit-facility-arrangement-and-requests-528504_