Uganda: Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria

July 10, 2014

Preview Citation

Format: Chicago

Uganda: Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria, (USA: International Monetary Fund, 2014) accessed November 25, 2024

Summary

This paper focuses on Uganda’s Second Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. Economic performance of Uganda has been broadly favorable. Progress has been made on structural reforms, but further steps are needed. Starting the construction of the two hydropower projects without further delay, approving and regulating the Public Financial Management Bill, and strengthening accounting controls are crucial steps in the reform effort. The expected amendments to the Bank of Uganda Act should support the inflation targeting regime. Based on the proposed policies, the IMF staff supports completion of the second PSI review.

Subject: Budget planning and preparation, Expenditure, Public debt, Public financial management (PFM), Revenue administration

Keywords: Africa, Budget planning and preparation, Core inflation, CR, Credit growth, East Africa, East mission, Framework regime, ISCR, Management, Medium term inflation target, Monetary policy, Monetary policy formulation

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/195
Stock No:

1UGAEA2014001
ISBN:

9781498374873
ISSN:

1934-7685

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