6833
IMF Praises Uganda
World Economy

IMF Praises Uganda

The International Monetary Fund (IMF) has praised Bank of Uganda’s (BOU) on the monetary policy stance, saying it brought down inflation to a four-year low. This set the conditions for some additional monetary easing, provided the inflation expectations are anchored and the fiscal risks are contained, according to the IMF, New Vision reported. It said in a press release that Uganda’s performance under the Policy Support Instrument (PSI) remains satisfactory. The IMF’s executive board completed the third review of Uganda’s economic performance under the program supported by the PSI. The PSI for Uganda was approved by the executive board on June 28, 2013.

Short URL : http://goo.gl/fX4Gfo

You can also read ...

Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
The warnings come amid a period of financial uncertainty for the world.
US officials who helped the country survive the 2008 financial...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...

Trending

Googleplus