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Uganda: First Review Under The Policy Support Instrument

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  • International Monetary Fund

Abstract

This paper discusses Uganda’s First Review Under the Policy Support Instrument (PSI). Growth has continued to recover from the 2011–2012 low. In an environment of declining inflation—recently halted by a drought-driven food price shock—the fiscal stimulus has been successful in driving economic activity, and a planned program of infrastructure investment is expected to boost growth further. The external accounts remain sustainable. The current account deficit declined mainly owing to a temporary slowdown of foreign direct investment-related imports. With satisfactory program performance, IMF staff supports completing the first PSI review and increasing the ceiling on nonconcessional borrowing.

Suggested Citation

  • International Monetary Fund, 2013. "Uganda: First Review Under The Policy Support Instrument," IMF Staff Country Reports 2013/375, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/375
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    Cited by:

    1. World Bank, 2013. "Uganda - Diagnostic Trade Integration Study Update : Prepared for the Enhanced Integrated Framework," World Bank Publications - Reports 16035, The World Bank Group.
    2. Mihalyi,David & Scurfield,Thomas, 2020. "How Did Africa's Prospective Petroleum Producers Fall Victim to the Presource Curse ?," Policy Research Working Paper Series 9384, The World Bank.

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