Uganda [electronic resource] : Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility-Staff Report; Staff Statement; and a Press Release on the Executive Board Discussion.
By: International Monetary Fund.
Material type:
This paper assesses Uganda's Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). The program for 2002/03-2004/05, which could be supported by a new PRGF arrangement, aims to increase real GDP growth to about 6 1/2 percent a year on average, while holding annual inflation at about 3 1/2 percent. Monetary and exchange rate policies will focus on maintaining stability in light of sizable sterilization operations. The authorities will rely on market-based monetary instruments and will adhere to a flexible exchange rate policy.
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