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Uganda: Fourth Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; Staff Supplement; Press Release
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 135
Language:
English
Publication Date:
08 Jun 2012
DOI:
https://doi.org/10.5089/9781475504200.002
ISBN:
9781475504200
ISSN:
1934-7685
Pages:
71
Keywords:
ISCR; CR; debt; exchange rate; credit growth; growth; price pressure; IMF's executive board; monetary policy; foreign currency; Debt sustainability analysis; Public and publicly-guaranteed external debt; Oil sector; Global
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The Fourth Review Under the Policy Support Instrument (PSI) for Uganda highlights that the PSI-supported program is on track. All end-December 2011 quantitative assessment criteria were met, as were most of the structural benchmarks. The stance of macroeconomic policy remains appropriate. Monetary tightening, initiated in July 2011 in response to rising inflation, has been effective in reducing demand and price pressures in the economy. High interest rates supported by tighter fiscal policy have strengthened the currency and raised reserve levels.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund