Uganda: Fifth Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Uganda

March 18, 2024

Preview Citation

Format: Chicago

Uganda: Fifth Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Uganda, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Summary

Economic recovery continues to gain strength following a rapid decline in inflation, favorable agriculture and robust industrial and services activity. Fiscal financing and foreign portfolio flows are facing headwinds amid tight global financial conditions and the passage of the Anti-Homosexuality Act (AHA) in May 2023. The authorities are implementing fiscal consolidation to contain vulnerabilities, maintaining a moderately tight monetary stance in the face of upside risks to inflation and undertaking reforms to improve governance and reduce corruption.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Credit, Crime, Imports, Inflation, International organization, International trade, Monetary policy, Money, Prices, Revenue administration

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Authorities' effort, Credit, ECF program, Excise duty regime, Financing risk, Global, Government debt service, Imports, Inflation, Inflation outlook, Inflation risk

Publication Details

Pages:

97
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/077
Stock No:

1UGAEA2024001
ISBN:

9798400269882
ISSN:

1934-7685

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