Uganda: Third Review Under the Policy Support Instrument, Request for Waiver of Nonobservance of an Assessment Criterion, and Request for Modification of Assessment Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
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Summary:
This paper presents key findings of the Third Review for Uganda under the policy support instrument. Monetary policy has been tightened significantly to reduce core inflation, supported by a contractionary fiscal stance. All but one of the seven quantitative assessment criteria were met at end-June; most structural benchmarks were met, although several with delay. Tighter monetary and fiscal policies in the near term aim to reduce inflation rapidly, while medium-term policies strive to create fiscal space to support stepped-up public infrastructure investment.
Series:
Country Report No. 2012/125
Subject:
Arrears Banking Budget planning and preparation Commercial banks External debt Financial institutions Financial Sector Assessment Program Financial sector policy and analysis Inflation Prices Public financial management (PFM)
English
Publication Date:
June 5, 2012
ISBN/ISSN:
9781475503975/1934-7685
Stock No:
1UGAEA2012001
Pages:
71
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