IMF Staff Country Reports

Uganda: 2006 Article IV Consultation and Staff Report for the 2006 Article IV Consultation, First Review of the Policy Support Instrument, Request for Waiver of Assessment Criteria, and Request for a Three-Year Policy Support Instrument: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda

January 30, 2007

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Uganda: 2006 Article IV Consultation and Staff Report for the 2006 Article IV Consultation, First Review of the Policy Support Instrument, Request for Waiver of Assessment Criteria, and Request for a Three-Year Policy Support Instrument: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda, (USA: International Monetary Fund, 2007) accessed November 26, 2024

Summary

This 2006 Article IV Consultation highlights that an acute electricity crisis threatens Uganda’s macroeconomic performance. The regional drought in 2005/06 reduced Uganda’s already inadequate hydropower-generating capacity, resulting in a production gap of nearly one-half of demand. The authorities have requested a new three-year policy support instrument in support of their near- and medium-term policies. The authorities’ main objectives are to sustain macroeconomic stability while tackling the ongoing electricity crisis and addressing other infrastructure deficiencies to alleviate existing constraints on growth.

Subject: Arrears, Asset and liability management, Budget planning and preparation, Debt relief, External debt, Foreign exchange, Infrastructure, National accounts, Poverty, Poverty reduction

Keywords: Arrears, CR, Debt relief, Executive Board discussion, GDP, Government, Government budget strategy, IMF's Policy Support Instrument, Infrastructure, Infrastructure bottleneck, ISCR, Policy, Poverty reduction, PSI-supported program, Sub-Saharan Africa

Publication Details

  • Pages:

    92

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/029

  • Stock No:

    1UGAEA2007001

  • ISBN:

    9781451838824

  • ISSN:

    1934-7685

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