TY - BOOK ID - 134284692 TI - Uganda : Fourth Review under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of a Performance Criterion and Modification of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Uganda. PY - 2023 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Money and Monetary Policy KW - International Economics KW - Public Finance KW - Exports and Imports KW - Banks and Banking KW - Finance: General KW - Monetary Policy KW - International Agreements and Observance KW - International Organizations KW - Debt KW - Debt Management KW - Sovereign Debt KW - International Lending and Debt Problems KW - Taxation, Subsidies, and Revenue: General KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Public Administration KW - Public Sector Accounting and Audits KW - Monetary economics KW - International institutions KW - Public finance & taxation KW - International economics KW - Banking KW - Macroeconomics KW - Monetary policy KW - International organization KW - Public debt KW - External debt KW - Revenue administration KW - Credit KW - Money KW - Debt sustainability KW - International agencies KW - Debts, Public KW - Debts, External KW - Revenue KW - Fiscal policy KW - Uganda UR - https://www.unicat.be/uniCat?func=search&query=sysid:134284692 AB - This paper presents Uganda’s Fourth Review under the Extended Credit Facility Arrangement, the Requests for a Waiver of Nonobservance of a Performance Criterion and Modification of a Performance Criterion and the Financing Assurance Review. The program aims to support the near-term response to the coronavirus disease 2019 pandemic and boost inclusive private sector-led long-term growth. Reforms focus on creating fiscal space for priority social spending, preserving debt sustainability, strengthening governance and reducing corruption, and enhancing the monetary and financial sector frameworks. The Ugandan economy is projected to grow by 5.5 percent in FY 22/23 and 6 percent in FY 23/24. Inflation has been declining and is expected to reach the Bank of Uganda’s medium-term target of 5% core inflation by end-2023. A stronger tightening of global financial conditions would constrain the availability of syndicated loans and weigh on financial sector stability. Fiscal consolidation and tight monetary policy remain essential to keep debt on a sustainable path. Structural reforms will need to continue focusing on strengthening governance and anticorruption frameworks, enhancing domestic revenue mobilization, and boosting financial inclusion. ER -