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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2014. "Uganda: Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria," IMF Staff Country Reports 2014/195, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/195
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    Cited by:

    1. Gerson Nhapulo & João Nicolau, 2017. "Assessing Nonlinear Dynamics of Central Bank Reaction Function: The Case of Mozambique," South African Journal of Economics, Economic Society of South Africa, vol. 85(1), pages 28-51, March.
    2. Pablo Yanguas, 2017. "Varieties of state-building in Africa: Elites, ideas and the politics of public sector reform," Global Development Institute Working Paper Series esid-089-17, GDI, The University of Manchester.
    3. Badru Bukenya & William Muhumuza, 2017. "The politics of core public sector reform in Uganda: Behind the facade," Global Development Institute Working Paper Series esid-085-17, GDI, The University of Manchester.

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