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

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2015) accessed November 23, 2024

Summary

This paper discusses Uganda’s Fifth Review Under the Policy Support Instrument (PSI) and Request for Waiver of an Assessment Criterion and Modification of Assessment Criteria. The economy of Uganda has fared well in a difficult environment. Program performance under the PSI was generally positive. All end-June and continuous quantitative assessment criteria were observed, with one exception, and so were most indicative targets. Inflation remained within the bands of the consultation clause. An unprecedented increase in tax revenue was a key achievement. However, further progress on structural reforms is needed. The authorities are rightly adjusting the policy mix. The IMF staff recommends completing the fifth review under the PSI.

Subject: Banking, Depreciation, External debt, Foreign exchange, Inflation, National accounts, Prices, Public and publicly-guaranteed external debt, Public debt

Keywords: Compilation methodology, Core inflation, CR, Depreciation, East AFRITAC, GDP, Global, Inflation, ISCR, Policy credibility, Policy efficacy, Shilling depreciation, Supply and use tables

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/321
Stock No:

1UGAEA2015002
ISBN:

9781513508702
ISSN:

1934-7685

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