On 6 June 2016 the IMF issued a press release on the completion of the sixth review for Uganda under a program supported by the Policy Support Instrument (PSI) and approval of a one-year extension of the program.
The program supports the government’s objectives on reforms including tax revenue mobilization and financial sector development. It also supports measures to improve the business environment and better prepare the economy for oil production.
Uganda’s economy has shown resilience with robust growth but structural reforms have lagged behind and action is required to enhance competitiveness, promote economic diversification and promote inclusive economic growth. Fiscal priorities include spending on infrastructure and poverty alleviation, boosting domestic revenue mobilization and increasing public investment efficiency.
