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Kasubi tombs, world heritage site in Kampala, Uganda

Kasubi tombs, world heritage site in Kampala, Uganda.

Uganda Resident Representative Site

Resident Representative Office in Uganda

This web page presents information about the work of the IMF in Uganda, including the activities of the IMF Resident Representative Office. Additional information can be found on the Uganda and IMF country page, including IMF reports and Executive Board documents that deal with Uganda.

News — Highlights


Uganda 2015 REO outreach

A presentation by Ana Lucía Coronel, Gene Leon, and Alex Segura, November 13, 2015 click for more

Recent Economic Developments and Outlook: Uganda in a Global and Regional Context

A presentation by Ana Lucía Coronel, IMF Senior Resident Representative at the Aga Khan Development Network Leadership Forum, October 7, 2015, Kampala, Uganda click for more

Recent Economic Developments and Outlook: Uganda in a Global and Regional Context

Presentation by the IMF Uganda Team, May 2015 click for more

The Case for Establishing a Comprehensive Social Protection System in Ugand

A note for discussion prepared by Clara Mira, IMF Economist of the Uganda team, with inputs from World Bank and DFID staff; October 2014 click for more

Recent Economic Developments and Outlook: Uganda in a Global and Regional Context

A presentation by Ana Lucía Coronel, Ari Aisen and Clara Mira, October 2014 click for more

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Uganda and the IMF

Uganda: Fifth Review Under the Policy Support Instrument and Request for Waiver of an Assessment Criterion and Modification of Assessment Criteria-Press Release; and Staff Report

November 20, 2015
Series: Country Report No. 15/321 click for more

Press Release: IMF Executive Board Completes Fifth PSI Review for Uganda

November 18, 2015

Uganda -- Uganda: Letter of Intent and Memorandum of Economic and Financial, November 02, 2015

November 2, 2015
November 2, 2015 PDF File Size: 664Kb click for more

Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries — Background Paper — Country Experiences

October 27, 2015
Subject: Monetary policy | Albania | Armenia | Ghana | India | Kenya | Peru | Rwanda | Uganda | Uruguay | Sub-Saharan Africa | Emerging markets | Cross country analysis | Background papers click for more

Press Release: IMF Staff Completes Review Mission to Uganda

October 5, 2015

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Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by falling prices of their main commodity exports. Oil-exporting countries, including Nigeria and Angola, have been hit hard by falling revenues and the resulting fiscal adjustments, while middle-income countries such as Ghana, South Africa, and Zambia are also facing unfavorable conditions. This October 2015 report discusses the fiscal and monetary policy adjustments necessary for these countries to adapt to the new environment. Chapter 2 looks at competitiveness in the region, analyzing the substantial trade integration that accompanied the recent period of high growth, and policy actions to nurture new sources of growth. Chapter 3 looks at the implications for the region of persistently high income and gender inequality and ways to reduce them. Click for more

Monitoring and Managing Fiscal Risks in the East African Community

Building Resilience in Sub-Saharan Africa's Fragile States

Monitoring and managing fiscal risks—defined as the possibility of deviations of fiscal outcomes from what was expected at the time of the budget or other forecast—are always key aspects of policymaking. Their importance in the East African Community (EAC, consisting of Burundi, Kenya, Rwanda, Tanzania and Uganda) is reinforced by the drive toward the East African Monetary Union (EAMU). Indeed, fiscal risks are unlikely to be fully captured by headline fiscal indicators—such as the deficit and debt of the government—that will serve as convergence criteria for the EAMU.

Toward a Monetary Union in the East African Community

Building Resilience in Sub-Saharan Africa's Fragile States

In late 2013 the East African Community (EAC) countries (Burundi, Kenya, Rwanda, Tanzania, and Uganda) signed a joint protocol setting out the process and convergence criteria for an EAC monetary union. The signing of the protocol represents a further step toward regional economic integration. It follows ratification of the protocols for a customs union (2005) and the common market (2010). Envisaged in 2024 is the introduction of a common currency to replace the national currencies of member countries.

Building Resilience in Sub-Saharan Africa's Fragile States

Building Resilience in Sub-Saharan Africa's Fragile States

Fragile states—states in which the government is unable to deliver basic services and security to the population—face severe and entrenched obstacles to economic and human development. While definitions of fragility and country circumstances differ, fragile states generally have a combination of weak and non-inclusive institutions, poor governance, low capacity, and constraints in pursuing a common national interest. As a result, these countries typically display an elevated risk of both political instability (including civil conflict), and economic instability (through a low level of public service provision, inadequate economic management, and difficulties to absorb or respond to shocks). Crises in such countries can also have significant adverse spillovers on other countries. In contrast, resilience can be defined as a condition where institutional strength, capacity, and social cohesion are sufficiently strong for the state to promote security and development and to respond effectively to shocks.

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fostering financial development and economic integration, stimulating competition and efficiency, introducing product innovation and modern management and information systems, and bringing higher skills and expertise to host countries. At the same time, the rise of pan-African banks presents new challenges for regulators and supervisors. As networks expand, new channels for transmission of macro-financial risks and spillovers across home and host countries may emerge. To ensure that the gains from cross border banking are sustained and avoid raising financial stability risks, enhanced cross-border cooperation on regulatory and supervisory oversight is needed, in particular to support effective supervision on a consolidated basis. This paper takes stock of the development of pan-African banking groups; identifies regulatory, supervisory and resolution gaps; and suggests how the IMF can help the authorities address the related challenges.

IMF Opens Africa Training Institute in Mauritius

Africa Training Institute (ATI) Logo

The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.