Uganda: Fifth Review Under the Policy Support Instrument and Request for Waiver of an Assessment Criterion and Modification of Assessment Criteria-Press Release; and Staff Report

International Monetary Fund

No 2015/321, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Uganda’s Fifth Review Under the Policy Support Instrument (PSI) and Request for Waiver of an Assessment Criterion and Modification of Assessment Criteria. The economy of Uganda has fared well in a difficult environment. Program performance under the PSI was generally positive. All end-June and continuous quantitative assessment criteria were observed, with one exception, and so were most indicative targets. Inflation remained within the bands of the consultation clause. An unprecedented increase in tax revenue was a key achievement. However, further progress on structural reforms is needed. The authorities are rightly adjusting the policy mix. The IMF staff recommends completing the fifth review under the PSI.

Keywords: ISCR; CR; policy credibility; GDP; core inflation; policy efficacy; supply and use tables; East AFRITAC; compilation methodology; shilling depreciation; Depreciation; Inflation; Global (search for similar items in EconPapers)
Pages: 85
Date: 2015-11-20
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