Uganda: Seventh Review Under the Policy Support Instrument-Press Release; and Staff Report
Electronic Access:
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Summary:
The economy has performed reasonably well in a complex environment. Growth slowed marginally in FY15/16, reflecting muted sentiment in an election year and adverse global and regional developments. Growth should nudge up in FY16/17 to 5 percent, low compared to past performance and regional peers. Credit to the private sector has stalled, and non-performing loans (NPLs) have increased, also reflecting domestic government arrears. The current account deficit is fully financed. The Shilling has stabilized after a sharp depreciation in 2015, and international reserve coverage remains adequate.
Series:
Country Report No. 2017/007
Subject:
Debt sustainability Economic and financial statistics Expenditure External debt Government finance statistics Public and publicly-guaranteed external debt Public debt Public investment and public-private partnerships (PPP)
English
Publication Date:
January 10, 2017
ISBN/ISSN:
9781475565225/1934-7685
Stock No:
1UGAEA2017001
Pages:
82
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