Uganda: 2021 Article IV Consultation and First Review under the Extended Credit Facility Arrangement and Requests for Modifications of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Uganda

Volume/Issue: Volume 2022 Issue 077

Publication date: March 2022

ISBN: 9798400204944

$20.00

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Topics covered in this book

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Exports and Imports , Money and Monetary Policy , Public Finance , International - Economics , vis-à-vis nonresident , asset declaration regime , economic reform reform program , business-centric reform , excise duty regime , COVID-19 , Credit , Global , Africa

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Summary

The authorities have reacted to the COVID-19 crisis in an appropriate manner, including through increased spending on health and a rollout of the vaccination program. Nevertheless, the deterioration of socio-economic indicators during the pandemic could create scars that would significantly lower growth if left unaddressed.