Uganda: First Review Under the Policy Support Instrument and Modifications to Assessment Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda
Volume/Issue:
Volume 2007
Issue 212
Publication date: June 2007
ISBN: 9781451838831
$20.00
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Topics covered in this book
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Exports and Imports , Inflation , Public Finance , Business and Economics - Statistics , ISCR , CR , government , debt management strategy , PSI-supported program , assistance , strategy , Executive Board discussion , IMF's framework , inflation objective , Balance of payments statistics , Monetary statistics , Government finance statistics , Financial statistics , Global
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Summary
The staff report for the First Review under the Policy Support Instrument and Modifications to Assessment Criteria discusses Uganda’s medium-term expenditure framework (MTEF). The MTEF aims at higher public savings based on spending restraint and a rising domestic revenue ratio. The Bank of Uganda (BOU) will rely on a combination of foreign exchange sales and open market operations to sterilize liquidity. Better and more extensive transport networks and expansion of the pool of long-term savings are also critical for sustainable economic growth.
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