UGANDA

UGANDA
mining and oil resource management, and international taxation on the fiscal side. MCM and East
AFRITAC have been providing a series of missions focusing on financial stability since the beginning
of 2014, covering a wide range of areas, including insurance company supervision, mobile payment
regulation, payment systems, and oversight policy.
In the fiscal area, following the series of missions in March and April 2016, led by East AFRITAC to
collect information related to budget transparency, an FAD mission was held in May 2016 to
conduct a Fiscal Transparency Evaluation (FTE). A follow-up FTE mission is scheduled for early
FY2017/18. Other TA missions in the fiscal area focused on: cash management (June and October
2016), strengthening the medium-term budget framework (August 2016), national training in
developing a compliance risk analysis tool (August 2016) and on developing an operational model
and strategy for recruiting taxpayers from the informal sector (October 2016).
An East AFRITAC technical assistance mission in November 2016 assisted the BoU to strengthen its
oversight responsibilities for financial market infrastructure. Another East AFRITAC mission in May
2016 assisted the BoU with recommendations to help developing the REPO market.
In the area of National Accounts, East AFRITAC fielded a mission in October 2016 in support of the
development of the planned rebasing of GDP estimates. The mission assisted with the development
of quarterly estimates of gross fixed capital formation for the public and private sectors, in both
current and constant prices, and assisted the Uganda Bureau of Statistics (UBOS) to formulate a plan
for integrating the current annual and quarterly systems for estimating GDP.
East AFRITAC also conducted a regional workshop on developing a compliance risk analysis tool in
October 2016 in Kampala, to provide participants with the knowledge and tools for strengthening
compliance risk management frameworks. The project was undertaken within the context of the AFE
ongoing project on Improving Risk Assessment and Management Capacity in Revenue
Administration. Other regional workshops included as part of this project included a Regional
Workshop on Operationalizing Risk Management in Customs, designed to enhance customs
administration through strengthened customs risk management.
Resident Representative:
The Fund has maintained a resident representative in Uganda since July 1982. Currently, the
Resident Representative is Ms. Clara Mira.
report for Uganda: Fifth Review Under the Policy Support Instrument (IMF Country Report No. 15/321) for the details
on technical assistance through February 2016.
INTERNATIONAL MONETARY FUND 5