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Uganda: Seventh Review Under the Policy Support Instrument-Press Release; and Staff Report
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 007
Language:
English
Publication Date:
10 Jan 2017
DOI:
https://doi.org/10.5089/9781475565225.002
ISBN:
9781475565225
ISSN:
1934-7685
Pages:
82
Keywords:
ISCR; CR; deficit; government; scaling-up of infrastructure investment; deficit target; fell short; supply and use tables; core inflation; East AFRITAC mission; Public investment and public-private partnerships (PPP); Public and publicly-guaranteed external debt; Government finance statistics; Global
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The economy has performed reasonably well in a complex environment. Growth slowed marginally in FY15/16, reflecting muted sentiment in an election year and adverse global and regional developments. Growth should nudge up in FY16/17 to 5 percent, low compared to past performance and regional peers. Credit to the private sector has stalled, and non-performing loans (NPLs) have increased, also reflecting domestic government arrears. The current account deficit is fully financed. The Shilling has stabilized after a sharp depreciation in 2015, and international reserve coverage remains adequate.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund