Uganda: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criterion, and Extension of Arrangement: Staff Report; Press Release on the Executive Board Discussion; and State

Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criterion, and Extension of Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uganda

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 306

Publication date: August 2005

ISBN: 9781451838763

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Exports and Imports , Public Finance , Taxation - General , Public Policy - Social Services and Welfare , ISCR , CR , government , IMF executive board Completes Fifth Review , PRGF arrangement , authorities' effort , anti-corruption strategy , authorities' resolve , Poverty reduction , Poverty reduction strategy , Global , Southern Africa , East Africa

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Summary

This paper focuses on Uganda’s Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), Request for Waiver of Performance Criterion, and Extension of Arrangement. Performance relative to the program performance criteria and benchmarks has generally been satisfactory. All quantitative performance criteria for December 2004, with the exception of that on the accumulation of domestic arrears, were observed. The structural performance criterion and two of the four benchmarks through March 2005 were also met.