Weak shilling lifts Uganda’s uptake of Kenyan goods

“Oil will bring substantial revenue, but only for a limited number of years. Channelling these resources in a careful and transparent manner is key to maintaining macroeconomic stability and raising living standards in a durable way,” the IMF chief of mission for Uganda, Martine Guerguil, said last month.

“In an oil-exporting economy, fiscal policy plays an even more central role in maintaining macroeconomic stability. It is thus all the more important to start putting in place processes that prevent the inappropriate use of public resources and raise Uganda’s ability to invest in itself,” the IMF said.