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

October 19, 2011

Preview Citation

Format: Chicago

Uganda: Second Review Under the Policy Support Instrument and Request for Waiver 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, 2011) accessed November 22, 2024

Summary

Economic growth has recovered, but higher food and fuel prices have sparked a sharp rise in inflation. Monetary policy has been tightened to contain core inflation and effects of the food and fuel price shocks. The government has allowed for scaling up of infrastructure investment spending. The programmed adjustment of fiscal and monetary policies will help put Uganda on a more sustainable medium-term trajectory. Eliminating tax exemptions and incentives will address the revenue gap. The planned oil revenue management framework is encouraging.

Subject: Banking, Budget planning and preparation, Commodities, Expenditure, Fiscal policy, Inflation, Oil, Prices, Public financial management (PFM)

Keywords: Authority, Budget planning and preparation, CR, Debt, Debt-burden indicator, Deficit, Europe, Exchange rate, Fiscal policy, Global, Inflation, Investment project selection, ISCR, Macroeconomic fundamentals, Medium term trade balance deficit, North Africa, Oil

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/308
Stock No:

1UGAEA2011001
ISBN:

9781463922658
ISSN:

1934-7685

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