Uganda: 2006 Article IV Consultation and Staff Report for the 2006 Article IV Consultation, First Review of the Policy Support Instrument, Request for Waiver of Assessment Criteria, and Request for a Three-Year Policy Support Instrument: Staff Report

2006 Article IV Consultation and Staff Report for the 2006 Article IV Consultation, First Review of the Policy Support Instrument, Request for Waiver of Assessment Criteria, and Request for a Three-Year Policy Support Instrument: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 029

Publication date: January 2007

ISBN: 9781451838824

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Topics covered in this book

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Exports and Imports , Public Policy - Social Services and Welfare , ISCR , CR , government , infrastructure bottleneck , PSI-supported program , policy , GDP , Executive Board discussion , government budget strategy , IMF's Policy Support Instrument , Arrears , Infrastructure , Debt relief , Poverty reduction , Sub-Saharan Africa

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Nepal

Peru

Republic of Congo : 2001 Article IV

Summary

This 2006 Article IV Consultation highlights that an acute electricity crisis threatens Uganda’s macroeconomic performance. The regional drought in 2005/06 reduced Uganda’s already inadequate hydropower-generating capacity, resulting in a production gap of nearly one-half of demand. The authorities have requested a new three-year policy support instrument in support of their near- and medium-term policies. The authorities’ main objectives are to sustain macroeconomic stability while tackling the ongoing electricity crisis and addressing other infrastructure deficiencies to alleviate existing constraints on growth.