IMF Country Report No. 20/165
UGANDA
REQUEST FOR DISBURSEMENT UNDER THE RAPID CREDIT
May 2020 FACILITY-PRESS RELEASE; STAFF REPORT; AND STATEMENT
BY THE EXECUTIVE DIRECTOR FOR UGANDA
In the context of the Request for Disbursement under the Rapid Credit Facility, the following documents have been released and are included in this package: A Press Release including a statement by the Chair of the Executive Board.
The Staff Report prepared by a staff team of the IMF for the Executive Board’s consideration on May 6, 2020, following discussions that ended on April 27, 2020 with the officials of Uganda on economic developments and policies underpinning the IMF disbursement under the Rapid Credit Facility. Based on information available at the time of these discussions, the staff report was completed on April 28, 2020.
A Debt Sustainability Analysis prepared by the staff of the IMF and the International Development Association (IDA).
A Statement by the Executive Director for Uganda.
The document listed below has been or will be separately released.
Letter of Intent sent to the IMF by the authorities of the Uganda*Also included in the Staff ReportThe IMF’s transparency policy allows for the deletion of market-sensitive information and premature disclosure of the authorities’ policy intentions in published staff reports and other documents.Copies of this report are available to the public fromInternational Monetary Fund • Publication ServicesPO Box 92780 • Washington, D.C. 20090Telephone: (202) 623-7430• Fax: (202) 623-7201E-mail:publications@imf.orgWeb: http://www.imf.org Price: $18.00 per printed copyInternational Monetary FundWashington, D.C.© 2020 International Monetary Fund©International Monetary Fund. Not for RedistributionPR 20/206IMF Executive Board Approves a US$491.5 MillionDisbursement to Uganda to Address the COVID-19 PandemicFOR IMMEDIATE RELEASE 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 mitigate the spread of the disease, as well as to cushion the impact on the most vulnerable and the private sector. WASHINGTON, DC – May 6, 2020 The Executive Board of the International Monetary Fund (IMF) approved today a disbursement of SDR361 million (about US$491.5 million or 100 percent of quota) for Uganda under the Rapid Credit Facility (RCF).It will help finance the health, social protection and macroeconomic stabilization measures, meet the urgent balance- of-payments and fiscal needs arising […]
