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Uganda: Fourth Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; Staff Supplement; Press Release

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  • International Monetary Fund

Abstract

The Fourth Review Under the Policy Support Instrument (PSI) for Uganda highlights that the PSI-supported program is on track. All end-December 2011 quantitative assessment criteria were met, as were most of the structural benchmarks. The stance of macroeconomic policy remains appropriate. Monetary tightening, initiated in July 2011 in response to rising inflation, has been effective in reducing demand and price pressures in the economy. High interest rates supported by tighter fiscal policy have strengthened the currency and raised reserve levels.

Suggested Citation

  • International Monetary Fund, 2012. "Uganda: Fourth Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; Staff Supplement; Press Release," IMF Staff Country Reports 2012/135, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/135
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=25972
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    Cited by:

    1. Busse, Matthias & Hoekstra, Ruth & Osei, Robert D., 2013. "The Effectiveness of Aid in Improving Regulations: Empirical evidence and the drivers of change in Rwanda," IEE Working Papers 198, Ruhr University Bochum, Institute of Development Research and Development Policy (IEE).
    2. Roos, E.L. & Adams, P.D. & van Heerden, J.H., 2013. "The economic impacts of a newly discovered oil in Uganda, using a recursive dynamic CGE model," Conference papers 332345, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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