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Africa > Uganda

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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 Global Monitoring Report, 2006
Global Monitoring Report, 2006
Strengthening Mutual Accountability: Aid, Trade, and Governance
International Monetary Fund

Abstract

This third edition of the Global Monitoring Report examines the commitments and actions of donors, international financial institutions, and developing countries to implement the Millennium Declaration, signed by 189 countries in 2000. Many countries are off track to meet the Millennium Development Goals, particularly in Africa and South Asia, but new evidence is emerging that higher-quality aid and a better policy environment are accelerating progress in some countries, and that the benefits of this progress are reaching poor families. This report takes a closer look at the donors' 2005 commitments to aid and debt relief, and argues that rigorous, sustained monitoring is needed to ensure that they are met and deliver results, and to prevent the cycle of accumulating unsustainable debt from repeating itself. International financial institutions need to focus on development outcomes rather than inputs, and strengthen their capacity to manage for results in developing countries.

Keywords:
MISC RPT; MISC; State party; private sector; governance system; low-income country; state; country; country system; governance indicator; investment climate; Global; Africa; Sub-Saharan Africa; South Asia; East Asia; Corruption; Debt relief; Infrastructure; middle-income country; Caribbean
Cover IMF Staff Country Reports
Uganda: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criteria, and Request for a Policy Support Instrument: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
International Monetary Fund
This paper discusses Uganda’s Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), Request for Waiver of Performance Criteria, and Request for a Policy Support Instrument (PSI). Performance relative to the sixth and final PRGF review was satisfactory. The authorities request waivers for two performance criteria that were not observed by small margins. Corrective measures will be undertaken during 2006. The authorities have also requested a PSI to begin immediately after the current PRGF arrangement expires.
Keywords:
ISCR; CR; government; core poverty reduction spending; monetary policy; Medium-term Competitiveness Strategy; PRGF arrangement; PSI framework; year PSI program; Arrears; Poverty reduction; Debt relief; Global
Cover Policy Papers
Heavily Indebted Poor Countries (HIPC) Initiative--Status of Implementation
International Monetary Fund
NULL
Keywords:
PP; HIPC Initiative; debt service indicator; Inter-American Development Bank; debt-service ratio; HIPC country document; HIPC debt relief; debt service reduction; enhanced HIPC Initiative; poverty reducing expenditure; IDA debt service; Debt service; Poverty reduction; Debt relief; Debt reduction; West Africa; Central America; Africa
Cover Debt Relief for Poverty Reduction
Debt Relief for Poverty Reduction
The Role of the Enhanced HIPC Initiative
Ms. Jacqueline T Irving

Abstract

This pamphlet reports on how the enhanced Initiative for Heavily Indebted Poor Countries (HIPCs) is meeting its aim of delivering faster, broader, and deeper debt relief to more HIPCs once these countries have shown a commitment to put the freed-up funds to work for the poor. The pamphlet also includes introductory sections that explain the rationale for the HIPC Initiative and describe how it works. A concluding section discusses the Initiative’s top challenge in the year ahead: to bring the remaining eligible countries to their decision points under the Initiative as fast and realistically as possible.

Keywords:
MISC PUBS; Misc.; country; poverty; Point HIPCs; government; policy agenda; poverty reduction strategy paper; beneficiary country; debt stock; member country contribution; repayment terms; poverty-reducing investment; country's ability; debt service profile; progress to the completion point; creditor country; country market; Debt relief; Poverty reduction strategy; Poverty reduction; Debt service; Global; Africa
Cover Finance & Development
Finance & Development, December 2000
International Monetary Fund. External Relations Dept.
This paper describes the need to broaden the agenda for poverty reduction. The broadening of the agenda follows from a growing understanding that poverty is more than low income, a lack of education, and poor health. The poor are frequently powerless to influence the social and economic factors that determine their well being. The paper highlights that a broader definition of poverty requires a broader set of actions to fight it and increases the challenge of measuring poverty and comparing achievement across countries and over time.
Keywords:
FD; F&D; country; government; policy; income; poorest country; poverty reduction; average income; poverty focus help; government policy; Poverty reduction; Poverty reduction strategy; Debt relief; Multilateral development institutions; Sub-Saharan Africa; Africa; Global; East Asia; Caribbean
Cover Debt Relief for Low-Income Countries
Debt Relief for Low-Income Countries
Th E HPIC initiative (Revised'99)
International Monetary Fund

Abstract

This paper analyzes the IMF’s Enhanced Initiative for Heavily Indebted Poor Countries, which provides debt relief for low-income countries. The paper highlights that countries affected by the debt crisis of the 1980s received concerted support from the international financial community in the form of Paris Club flow reschedulings, stock-of-debt operations under the Brady plan, and adjustment programs supported by the multilateral financial institutions. These measures proved effective in significantly improving the debt situation of many middle-income countries.

Keywords:
PAM; HIPC Initiative; country; NPV; debt; debt situation; HIPC document; adjustment program; NPV reduction; target NPV; Debt relief; Poverty reduction strategy; Poverty reduction; Poverty reduction and development; Debt service; Sub-Saharan Africa
Cover IMF Survey
IMF Survey: Volume 28, Issue 17
International Monetary Fund. External Relations Dept.
The rationale for IMF lending to Russia has been widely questioned, as have the record of earlier programs and the use made of previous IMF loans. In the following article, John Odling-Smee, Director of the IMF’s European II Department, explains that the resumed lending was fully justified to support Russia’s most recent economic policies.
Keywords:
SV; structural adjustment Facility; social security reform; ESAF arrangement; contingency financing facility; fund Facility; IMF publication service; country's balance of payments position; Financial sector reform; Corruption; Debt relief; Financial sector; Europe; Asia and Pacific; Central and Eastern Europe; Africa; Global