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Uganda: Fifth Review Under the Policy Support Instrument and Request for Waiver of an Assessment Criterion and Modification of Assessment Criteria-Pre - INTERNATIONAL MONETARY FUND

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The economy has fared well in a difficult environment. A large exchange rate depreciation fueled inflation prospects and prompted sharp monetary tightening. Credit deceleration and weakened confidence linked to the proximity of the election slowed private activity, but growth was supported by dynamic public investment. International reserves remained comfortable. Program performance under the PSI was generally positive. All end-June and continuous quantitative assessment criteria (QAC) were observed, with one exception, and so were most indicative targets (ITs). 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

Author: FUND, INTERNATIONAL MONETARY
Publisher: INTERNATIONAL MONETARY FUND
Illustration: N
Language: ENG
Title: Uganda: Fifth Review Under the Policy Support Instrument and Request for Waiver of an Assessment Criterion and Modification of Assessment Criteria-Pre
Pages: 00085 (Encrypted EPUB) / 00085 (Encrypted PDF)
On Sale: 2015-11-20
SKU-13/ISBN: 9781513508702
Category: Political Science : Public Policy - Economic Policy
Category: Business & Economics : Banks & Banking


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