IMF Staff Country Reports

Uganda: Fifth Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Uganda

Publication Date:

March 18, 2024

Electronic Access:

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Summary:

Economic recovery continues to gain strength following a rapid decline in inflation, favorable agriculture and robust industrial and services activity. Fiscal financing and foreign portfolio flows are facing headwinds amid tight global financial conditions and the passage of the Anti-Homosexuality Act (AHA) in May 2023. The authorities are implementing fiscal consolidation to contain vulnerabilities, maintaining a moderately tight monetary stance in the face of upside risks to inflation and undertaking reforms to improve governance and reduce corruption.

Series:

Country Report No. 2024/077

Subject:

Anti-money laundering and combating the financing of terrorism (AML/CFT) Credit Crime Imports Inflation International organization International trade Monetary policy Money Prices Revenue administration

Frequency:

regular