Bloomberg News

IMF Says Ugandan Growth Expected to Strengthen, Inflation a Risk

June 30, 2011

June 30 (Bloomberg) -- Uganda’s economic growth is expected to strengthen and inflation risks have risen, the International Monetary Fund said.

“Thanks to generally sound macroeconomic policies, Uganda withstood the global financial crisis and other shocks,’’ the fund said in an e-mailed statement. “Economic growth has recovered and is expected to strengthen, although inflation risks, mostly related to rising food prices, have increased.”

The IMF released the statement after completing the second review under the Policy Support Instrument for Uganda. “The board approved waivers for the nonobservance of the end-December 2010 assessment criteria on net domestic assets and net international reserves,” the fund said.

To contact the editor responsible for this story: Victoria Batchelor at vbatchelor@bloomberg.net


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