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Uganda: 2013 Article IV Consultation and Sixth Review Under the Policy Support Instrument, Request for a Three-Year Policy Support Instrument and Cancellation of Current Policy Support Instrument—Staff Report;Public Information Notice and 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 215
Language:
English
Publication Date:
19 Jul 2013
DOI:
https://doi.org/10.5089/9781484382059.002
ISBN:
9781484382059
ISSN:
1934-7685
Pages:
104
Keywords:
ISCR; CR; authority; monetary policy; IMF's framework; government endeavor; management bill; medium term strategy of the authorities; monetary management; ITL regime; core inflation; Budget planning and preparation; Inflation; Government finance statistics; Global; Africa
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This paper focuses on Uganda’s 2013 Article IV Consultation and Sixth Review Under the Policy Support Instrument, Request for a Three-Year Policy Support Instrument and cancellation of Current Policy Support Instrument. Driven mainly by investment and trade, growth has recovered to about 5 percent, a stronger than expected rebound from the low 3½ percent expansion registered last year. Fast implementation of road construction, the start of operations of the Bujagali hydropower plant, and a good harvest boosted aggregate demand. Envisaged public finance management reforms are set to address the problems of persistent under budgeting, arrears accumulation, and failure to sanction financial irregularities.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund