Uganda: Fourth Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; Staff Supplement; Press Release

June 8, 2012

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Uganda: Fourth Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; Staff Supplement; Press Release, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

The Fourth Review Under the Policy Support Instrument (PSI) for Uganda highlights that the PSI-supported program is on track. All end-December 2011 quantitative assessment criteria were met, as were most of the structural benchmarks. The stance of macroeconomic policy remains appropriate. Monetary tightening, initiated in July 2011 in response to rising inflation, has been effective in reducing demand and price pressures in the economy. High interest rates supported by tighter fiscal policy have strengthened the currency and raised reserve levels.

Subject: Debt sustainability analysis, Economic sectors, External debt, Oil sector, Public and publicly-guaranteed external debt, Public debt

Keywords: CR, Credit growth, Debt, Debt sustainability analysis, Exchange rate, Foreign currency, Global, Growth, IMF's executive board, ISCR, Monetary policy, Oil sector, Price pressure, Public and publicly-guaranteed external debt

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/135
Stock No:

1UGAEA2012002
ISBN:

9781475504200
ISSN:

1934-7685

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