Uganda: Third Review Under the Policy Support Instrument and Request for Waiver and Modification of Assessment Criteria-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
IMF Staff Country Reports, July 18, 2008
Source details
- Canonical URL
- Uganda: Third Review Under the Policy Support Instrument and Request for Waiver and Modification of Assessment Criteria-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
Other formats
Bibliographic details
- Published: July 18, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451838855.002
Executive summary and key findings
- All end-December 2007 assessment criteria were met.
- Macroeconomic performance remains strong and the growth outlook remains positive.
- IMF staff supports the authorities’ request for waivers of nonobservance of four structural assessment criteria for end-May and end-June 2008.
- Nonobservance of these assessment criteria was largely owed to changes in program design in light of new information and reassessment of costs and priorities that do not compromise the integrity of the program.
Policy actions and requests
- Authorities requested waivers of nonobservance for four structural assessment criteria for end-May and end-June 2008.
- IMF staff evaluation: supports the waiver requests based on program design changes and reassessment that preserved program integrity.
Program integrity and design considerations
- Nonobservance attributed to:
- Changes in program design prompted by new information.
- Reassessment of costs and priorities.
- Conclusion: These factors did not compromise the integrity of the program.
Subjects and keywords
- Subject: Arrears, Credit, Current spending, Expenditure, External debt, Foreign exchange, Monetary base, Money, Public debt
- Keywords: Arrears, authority, CR, Current spending, financial market instability, Global, implementation capacity, ISCR, modification of assessment criteria, Monetary base, request, request for waiver, waiver, world fuel
International Monetary Fund. "Uganda: Third Review Under the Policy Support Instrument and Request for Waiver and Modification of Assessment Criteria-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda", IMF Staff Country Reports 2008, 236 (2008), July 18, 2008.