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Uganda: Fifth Review Under The Policy Support Instrument And Request For Program Extension: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2013: Issue 025
Language:
English
Publication Date:
25 Jan 2013
DOI:
https://doi.org/10.5089/9781475532517.002
ISBN:
9781475532517
ISSN:
1934-7685
Pages:
69
Keywords:
ISCR; CR; authority; increase transparency; monetary policy; fiscal policy; management; disinflationary effort; government finances; core inflation; budget support; authorities' fiscal policy; Budget planning and preparation; Inflation; Commercial banks; Oil; gas and mining taxes; Global
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Uganda has benefited from international reserve accumulation. The fiscal stance is tighter mainly owing to delays in execution of a large hydropower project. A suspension of budget support owing to theft of donor funds has curtailed spending plans and hurt growth prospects. The authorities have acknowledged the damage from corruption and responded to the concerns of development partners. Tight policies have led to the achievement of program targets. Sound macroeconomic policies need to be accompanied by reinforced efforts to fight corruption.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund