Uganda: Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria

International Monetary Fund

No 2014/195, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper focuses on Uganda’s Second Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. Economic performance of Uganda has been broadly favorable. Progress has been made on structural reforms, but further steps are needed. Starting the construction of the two hydropower projects without further delay, approving and regulating the Public Financial Management Bill, and strengthening accounting controls are crucial steps in the reform effort. The expected amendments to the Bank of Uganda Act should support the inflation targeting regime. Based on the proposed policies, the IMF staff supports completion of the second PSI review.

Keywords: ISCR; CR; credit growth; monetary policy; management; core inflation; framework regime; monetary policy formulation; medium term inflation target; East mission; Budget planning and preparation; East Africa; Africa (search for similar items in EconPapers)
Pages: 77
Date: 2014-07-10
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