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Uganda: First Review Under the Policy Support Instrument and Modifications to Assessment Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2007: Issue 212
Language:
English
Publication Date:
20 Jun 2007
DOI:
https://doi.org/10.5089/9781451838831.002
ISBN:
9781451838831
ISSN:
1934-7685
Pages:
60
Keywords:
ISCR; CR; government; debt management strategy; PSI-supported program; assistance; strategy; Executive Board discussion; IMF's framework; inflation objective; Balance of payments statistics; Monetary statistics; Government finance statistics; Financial statistics; Global
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The staff report for the First Review under the Policy Support Instrument and Modifications to Assessment Criteria discusses Uganda’s medium-term expenditure framework (MTEF). The MTEF aims at higher public savings based on spending restraint and a rising domestic revenue ratio. The Bank of Uganda (BOU) will rely on a combination of foreign exchange sales and open market operations to sterilize liquidity. Better and more extensive transport networks and expansion of the pool of long-term savings are also critical for sustainable economic growth.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund