Maintenance. We are currently updating the site. Please check back shortly

Thomson Reuters Foundation

Inform - Connect - Empower

Ugandan economy set to grow 6-7 pct in medium term -IMF

Source: Thomson Reuters Foundation - Tue, 15 Jan 2013 05:49 GMT
Author: Reuters
Tweet Recommend Google + LinkedIn Email Print
Leave us a comment

KAMPALA, Jan 15 (Reuters) - Uganda's tight monetary stance to combat inflation has sharply slowed economic growth but medium-term growth will reach its potential level of 6 percent to 7 percent in the medium term, the International Monetary Fund (IMF) said.

"This objective needs to be underpinned by a higher contribution of private investment," the IMF said in a statement late on Monday.

The Washington-based body also said the recent theft of donor funds in east Africa's third biggest economy, which led to some donors suspending aid, signalled the need for a more radical fight against graft.

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus