Uganda: First Review Under The Policy Support Instrument

December 30, 2013

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Uganda: First Review Under The Policy Support Instrument, (USA: International Monetary Fund, 2013) accessed December 22, 2024

Summary

This paper discusses Uganda’s First Review Under the Policy Support Instrument (PSI). Growth has continued to recover from the 2011–2012 low. In an environment of declining inflation—recently halted by a drought-driven food price shock—the fiscal stimulus has been successful in driving economic activity, and a planned program of infrastructure investment is expected to boost growth further. The external accounts remain sustainable. The current account deficit declined mainly owing to a temporary slowdown of foreign direct investment-related imports. With satisfactory program performance, IMF staff supports completing the first PSI review and increasing the ceiling on nonconcessional borrowing.

Subject: Economic and financial statistics, External sector statistics, Financial statistics, Government finance statistics, Inflation, Prices, Public debt, Revenue administration

Keywords: Africa, CR, Exchange rate, External sector statistics, Financial statistics, Global, Government finance statistics, IMF's framework, Inflation, ISCR, Management, Public finance, Public finance management Bill, SDR million, Tax revenue

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/375
Stock No:

1UGAEA2013003
ISBN:

9781475522754
ISSN:

1934-7685

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