Uganda: Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda

January 4, 2008

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Format: Chicago

Uganda: Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda, (USA: International Monetary Fund, 2008) accessed November 24, 2024

Summary

Uganda’s medium-term expenditure framework (MTEF) aims at higher public savings based on spending restraint and rising domestic revenue. The Bank of Uganda (BOU) has successfully contained the one-time shocks to prices of increases in electricity tariffs and temporary sugar and diesel fuel shortages. In an environment of strong inflows, price stability remains the primary objective of monetary policy. A shallow financial sector limits Uganda’s ability to absorb foreign exchange inflows and is in itself a formidable obstacle to faster economic growth.

Subject: Debt sustainability, External debt, Foreign exchange, Monetary base, Money, Public and publicly-guaranteed external debt, Public debt

Keywords: Africa, CR, Debt, Debt management strategy, Debt sustainability, Global, IMF's framework, Infrastructure bottleneck, ISCR, Monetary base, NPV, Private sector, Program objective, PSI-supported program, Real GDP, Uganda, Unwavering commitment

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/004
Stock No:

1UGAEA2008001
ISBN:

9781451838848
ISSN:

1934-7685

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