Uganda: First Review Under The Policy Support Instrument
This paper discusses Ugandaas First Review Under the Policy Support Instrument (PSI). Growth has continued to recover from the 2011a2012 low. In an environment of declining inflationarecently halted by a drought-driven food price shockathe 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.Contribution to GDP growth Inflation Rate (percent, y-o-y) -1 0 1 2 3 4 5 6 7 8 2008/09 2009/10 2010/11 2011/12 2012/13 Agriculture Industry Services Indirect Taxes Total -10 -5 0 5 10 15 20 (eop) Headline Food crops Core Private sectoranbsp;...
| Title | : | Uganda: First Review Under The Policy Support Instrument |
| Author | : | International Monetary Fund. African Dept. |
| Publisher | : | International Monetary Fund - 2013-12-30 |
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