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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes the Combined Second and Third Reviews under the Extended Credit Facility Arrangement for Uganda

The completion of the combined 2nd and 3rd reviews allowed an immediate disbursement equivalent to SDR 180.5 million, about US$240 million

The Executive Board of the International Monetary Fund (IMF) concluded the combined second and third reviews under the ECF Arrangement for Uganda. Further, the Executive Board granted a waiver of nonobservance of a performance criterion on the stock of net international reserves of the Bank of Uganda. The completion of…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) and Uganda Reach Staff-Level Agreement on the Combined Second and Third Reviews under the Extended Credit Facility Arrangement

The Bank of Uganda (BoU) has tightened the policy rate in recent months and announced its readiness to take appropriate action to contain second-round effects of higher global prices

A staff team from the International Monetary Fund (IMF) led by Mr. Malhar Nabar conducted a virtual mission to Uganda from October 31 - November 22, 2022 to discuss progress on reforms and the authorities’ policy priorities in the context of the combined second and third reviews under the Extended Credit…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes First Review Under the Extended Credit Facility Arrangement and 2021 Article IV Consultation with Uganda

The completion of the first review allowed an immediate disbursement for budget support

The Ugandan authorities are implementing their reform agenda steadfastly, in a complex environment still marked by the pandemic, and remain committed to the Extended Credit Facility Arrangement; The IMF Board today completed the first review of the ECF Arrangement and 2021 Article IV Consultation with Uganda. Approval of the first…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Coronavirus - Uganda: International Monetary Fund (IMF) Executive Board approves a US$491.5 Million Disbursement to Uganda to address the COVID-19 Pandemic

The authorities have timely scaled up health spending and put in place bold measures to help contain and mitigate the spread of the disease

The Ugandan economy is severely affected by the COVID-19 pandemic; to address the urgent balance-of-payments and fiscal needs, the IMF approved US$491.5 million emergency assistance for Uganda under the Rapid Credit Facility; the authorities have timely scaled up health spending and put in place bold measures to help contain and…