The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
The Selected Issues paper for Uganda and Rwanda discusses the impact of rising international food and fuel prices on inflation. Unlike in the case of fuel-producing countries, the East African Community countries are major agricultural producers, with agriculture accounting for 20 percent to 40 percent of their GDP. The two most important factors limiting the pass-through of world food commodities are therefore the high degree of self-sufficiency in the production of main tradable food commodities and their relative insulation from international markets.