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Africa > Uganda

You are looking at 1 - 10 of 14 items for :

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Cover IMF Staff Country Reports
Uganda: Fifth Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; and Press Release
International Monetary Fund
This paper discusses key findings of the Fifth Review under the policy support instrument for Uganda. Strong fundamentals and prudent economic policies of the past give Uganda scope to implement measured countercyclical policies without undermining macroeconomic stability. Monetary policy has been gradually eased in the face of the dry-up in private external financing. In spite of the slowdown-induced shortfall in tax revenue, the fiscal authorities are committed to accelerate and improve execution of investment spending to provide a positive impulse to growth and remove critical bottlenecks.
Keywords:
ISCR; CR; PSI-supported program; IMF's framework; growth; financial system; Uganda's PSI; core inflation; financial crisis; FAD mission; Budget planning and preparation; International reserves; Credit; Global
Cover IMF Staff Country Reports
Uganda: 2006 Article IV Consultation and Staff Report for the 2006 Article IV Consultation, First Review of the Policy Support Instrument, Request for Waiver of Assessment Criteria, and Request for a Three-Year Policy Support Instrument: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
International Monetary Fund
This 2006 Article IV Consultation highlights that an acute electricity crisis threatens Uganda’s macroeconomic performance. The regional drought in 2005/06 reduced Uganda’s already inadequate hydropower-generating capacity, resulting in a production gap of nearly one-half of demand. The authorities have requested a new three-year policy support instrument in support of their near- and medium-term policies. The authorities’ main objectives are to sustain macroeconomic stability while tackling the ongoing electricity crisis and addressing other infrastructure deficiencies to alleviate existing constraints on growth.
Keywords:
ISCR; CR; government; infrastructure bottleneck; PSI-supported program; policy; GDP; Executive Board discussion; government budget strategy; IMF's Policy Support Instrument; Arrears; Infrastructure; Debt relief; Poverty reduction; Sub-Saharan Africa
Cover Policy Papers
2005 Review of the Poverty Reduction Strategy Approach - Balancing Accountabilities and Scaling Up Results
International Monetary Fund
In December 1999, the World Bank (the Bank) and the International Monetary Fund (the Fund) introduced a new approach to their relations with low-income countries, centered around the development and implementation of poverty reduction strategies (PRS) by the countries as a precondition for access to debt relief and concessional financing from both institutions. These strategies were also expected to serve as a framework for better coordination of development assistance among other development partners.
Keywords:
PP; PRS approach; PRS process; civil society; country authorities; public expenditure; private sector; PRS country; Poverty reduction strategy; Poverty reduction; Budget planning and preparation; Poverty reduction and development; Sub-Saharan Africa; Africa; Global
Cover IMF Staff Country Reports
Uganda: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
International Monetary Fund
This paper assesses Uganda’s Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver of Performance Criteria. The fiscal program was broadly on track in 2003/04. Performance under the PRGF-supported program was mixed. Despite some slippages, most quantitative performance criteria were observed for December 2003, and there has been progress in the implementation of structural measures. The authorities are requesting waivers for nonobservance of four performance criteria based on corrective actions taken.
Keywords:
ISCR; CR; government; SDR; PRGF loan; PRGF; complying disbursement; government team; PRGF arrangement; reducing interest rate volatility; Arrears; Budget planning and preparation; Tariffs; East Africa
Cover IMF Staff Country Reports
Uganda: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
International Monetary Fund
Uganda showed strong macroeconomic stability under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors welcomed this development as well as the fiscal adjustment. They stressed the need for strengthening their policies for boosting economic growth and reducing poverty in the context of the Poverty Eradication Action Plan. They emphasized the need to strengthen monetary, fiscal, and exchange rate policies, accelerate structural reforms, and restructure the Uganda Development Bank Limited. They agreed that Uganda has successfully completed the second review under the PRGF Arrangement, and approved waiver.
Keywords:
ISCR; CR; PRGF loan; authority; PRGF arrangement; inflation low; SDR; expenditure management systems; authorities' strong; government position; Poverty reduction; Budget planning and preparation; Monetary base; Southern Africa; East Africa; Africa; Global
Cover IMF Staff Country Reports
Uganda: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
International Monetary Fund
Uganda showed strong macroeconomic stability, low inflation, and poverty reduction under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors commended the monetary and exchange rate policies, and stressed the need to strengthen fiscal sustainability and maintain a healthy financial sector. They emphasized the need to improve the infrastructure, expand financial intermediation, enhance governance to improve the investment climate, and encourage private sector-led investment and growth. They agreed that Uganda has successfully completed the first review under the PRGF Arrangement, and approved waiver.
Keywords:
ISCR; CR; government; PRGF arrangement; stabilization effort; PRGF loan; excise tax regime; expenditure management systems; Poverty reduction strategy; Budget planning and preparation; Arrears; Defense spending; Global
Cover Policy Papers
Update on Implementation of Action Plans to Strengthen Capacity of HIPCs to Track Poverty-Reducing Public Spending
International Monetary Fund
NULL
Keywords:
PP; public expenditure management; bank; PEM system; IMF staff estimate; PEM capacity; PEM performance; PEM reform; PEM measure; PEM specialist; Budget planning and preparation; Poverty reduction; Budget execution and treasury management
Cover IMF Staff Country Reports
Uganda: 2002 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uganda
International Monetary Fund
This 2002 Article IV Consultation highlights that since the conclusion of the last Article IV consultation in March 2001, Uganda has continued to implement disciplined financial policies and sound structural reforms that have helped to sustain robust economic growth despite an adverse external environment. In 2001/02 (July–June), real GDP growth increased to 6.6 percent, boosted by highly favorable weather conditions for agriculture and a surge in construction activity from a pickup in investment. A sharp drop in food crop prices resulted in negative headline inflation of -2.5 percent during the year.
Keywords:
ISCR; CR; deficit; authority; government; inflation; steadfast commitment; headline inflation; government balance; authorities to the fund management; prudent monetary policy; government's liability; real GDP; Poverty reduction; Exports; Budget planning and preparation; Sub-Saharan Africa; Southern Africa; East Africa; Africa; Global
Cover IMF Staff Country Reports
Uganda: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility-Staff Report; Staff Statement; and a Press Release on the Executive Board Discussion
International Monetary Fund
This paper assesses Uganda’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). The program for 2002/03–2004/05, which could be supported by a new PRGF arrangement, aims to increase real GDP growth to about 6½ percent a year on average, while holding annual inflation at about 3½ percent. Monetary and exchange rate policies will focus on maintaining stability in light of sizable sterilization operations. The authorities will rely on market-based monetary instruments and will adhere to a flexible exchange rate policy.
Keywords:
ISCR; CR; peace agreement; fund staff; Ugandan People's Defense Forces; PRGF-supported program; LRA raid; staff appraisal; executive board discussion; Poverty reduction strategy; Poverty reduction; Poverty reduction and development; Budget planning and preparation; Southern Africa; Sub-Saharan Africa; East Africa
Cover Is the PRGF Living Up to Expectations?
Is the PRGF Living Up to Expectations?
Mr. Benedict J. Clements
,
Ms. Gabriela Inchauste
,
Ms. Nita Thacker
,
Mr. Thomas William Dorsey
,
Mr. Shamsuddin Tareq
,
Mr. Emanuele Baldacci
,
Mr. Sanjeev Gupta
, and
Mr. Mark W. Plant

Abstract

In late 1999 the IMF established the Poverty Reduction and Growth Facility (PRGF) to integrate the objectives of poverty reduction and growth more fully into its operations for the poorest countries, and to base these operations on national poverty reduction strategies prepared by the country with broad participation of key stakeholders. A review of the program would be conducted two years later. This paper synthesizes two papers prepared by IMF staff: Review of the Poverty Reduction and Growth Facility: Issues and Options, and Review of the Key Features of the Poverty Reduction and Growth Facility: Staff Analyses. The paper draws on a broad range of internal and external views gathered between July 2001 and February 2002, including discussions at regional forums, meetings with donor government officials and representatives of civil society organizations, and comments of key officials in member countries with PRGF arrangements.

Keywords:
OP; PRGF; PRGF-supported program; program document; outlay; PRSPs; PRGF conditionality; PRGF-supported arrangement; impact analysis; core area; Poverty reduction strategy; Poverty reduction; Budget planning and preparation; Health care spending; Global; Africa