Uganda: 2002 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uganda

International Monetary Fund

No 2003/083, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2002 Article IV Consultation highlights that since the conclusion of the last Article IV consultation in March 2001, Uganda has continued to implement disciplined financial policies and sound structural reforms that have helped to sustain robust economic growth despite an adverse external environment. In 2001/02 (July–June), real GDP growth increased to 6.6 percent, boosted by highly favorable weather conditions for agriculture and a surge in construction activity from a pickup in investment. A sharp drop in food crop prices resulted in negative headline inflation of -2.5 percent during the year.

Keywords: ISCR; CR; deficit; authority; government; inflation; steadfast commitment; headline inflation; government balance; authorities to the fund management; prudent monetary policy; government's liability; real GDP; Poverty reduction; Exports; Budget planning and preparation; Sub-Saharan Africa; Southern Africa; East Africa; Africa; Global (search for similar items in EconPapers)
Pages: 73
Date: 2003-03-26
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