Uganda: Seventh Review Under the Policy Support Instrument-Press Release; and Staff Report

January 10, 2017

Summary

The economy has performed reasonably well in a complex environment. Growth slowed marginally in FY15/16, reflecting muted sentiment in an election year and adverse global and regional developments. Growth should nudge up in FY16/17 to 5 percent, low compared to past performance and regional peers. Credit to the private sector has stalled, and non-performing loans (NPLs) have increased, also reflecting domestic government arrears. The current account deficit is fully financed. The Shilling has stabilized after a sharp depreciation in 2015, and international reserve coverage remains adequate.

Subject: Debt sustainability, Economic and financial statistics, Expenditure, External debt, Government finance statistics, Public and publicly-guaranteed external debt, Public debt, Public investment and public-private partnerships (PPP)

Keywords: core inflation, CR, deficit, deficit target, East AFRITAC mission, fell short, Global, government, Government finance statistics, ISCR, Public and publicly-guaranteed external debt, Public investment and public-private partnerships (PPP), scaling-up of infrastructure investment, supply and use tables

Pages:
82
Volume:
2017
DOI:
https://doi.org/10.5089/9781475565225.002
Issue:
007
Series:
Country Report No. 2017/007
Stock No:
1UGAEA2017001
ISBN:
9781475565225
ISSN:
1934-7685

Loading component...

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

IMF Staff Country Reports