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

January 10, 2017

Preview Citation

Format: Chicago

Uganda: Seventh Review Under the Policy Support Instrument-Press Release; and Staff Report, (USA: International Monetary Fund, 2017) accessed November 21, 2024

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

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/007
Stock No:

1UGAEA2017001
ISBN:

9781475565225
ISSN:

1934-7685

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