
Uganda: Fix the Disparities in Performance at PLE (18.01.2017)






African Union letter on the Burundian posistion from December 2016:




The day that finally came after over a month in jail in Nalufenya Prision on the Treason Charges made on the trespasses he did early in 2016, the Omusinga bwa Rwenzururu we’re today in Jinja Court again answering his case and also having a bail hearing. Where the media was banned from the premises and the details is only what the government officials spread to the world. As usual the Media’s had to be outside and not allowed to enter it. Certainly if the Uganda Police Force could have their will they would have built barracks and roadblocks to Mbira forest to secure that not a living soul get intelligence on the outcome.
Still, the verdict came out that the King of Rwenzururu we’re allowed bail and could leave his prison state, but still not cleared on any indication of his charge been dropped. As he the King couldn’t go home, he could only stay in Kampala and areas inside the Baganda Kingdom. So his release was with precautions from the authorities. You thought the Police Force and National Resistance Movement we’re done with their humiliation of the king.
As he was free for a hot-minute, he was apprehended as he couldn’t even eat a rollex nor have a Nile brew in the streets of Kampala. Charles Wesley Mumbere who has been detained without any proceeding, only short court-hearings where the charges has been read, we’re again in the midst of the Police Force. The famous black-van, the Besigye-Torture vehicle came into the picture.
With the knowledge of having a bail on UGX 100 million shilling in the Jinja Magistrate Court, there shouldn’t be any reason to detain him again and take him to an unknown location unless the government want to silence the one who is the biggest eye-witness to the killings of late November that we’re sanctioned to the army and police officers stationed in Kasese. The Kasese clashes that even has a verified letter sent to the International Criminal Court. The ICC that Mzee hates because he is afraid that he will be next in line.
Omusinga bwa Rwenzururu is the victim that is taken hostage and taken with impunity from the authorities, as the killers and the ones that did the crime walks. The UPDF and the men who we’re carrying guns and besieging the Royal Palace deserves to be apprehended, not a king who has humiliated and disgraced by courts, police officers and the government who has detracted from their peaceful ways. If they ever had it… Peace.







Uganda’s economy has performed reasonably well in a complex environment.
WASHINGTON D.C., United States of America, January 11, 2017 – On January 5, the Executive Board of the International Monetary Fund (IMF) completed the seventh review of Uganda’s economic program under the Policy Support Instrument (PSI).1 The Board’s decision was taken on a lapse of time basis.2 In completing the review, the Board granted a waiver of the nonobservance of the end-June 2016 assessment criterion on the overall deficit of the central government.
The PSI for Uganda was approved by the Board on June 28, 2013 (see Press Release No. 13/78), and a one-year extension was approved on June 6, 2016 (see Press Release No. 16/263).
Uganda’s economy has performed reasonably well in a complex environment. Growth slowed marginally to 4.8 percent in FY15/16, reflecting muted sentiment in an election year and adverse global and regional developments. The current account deficit improved by 1 percentage point to 5.9 percent of GDP, and the Shilling has stabilized after a sharp depreciation in 2015. Growth is projected to nudge up to 5 percent in FY16/17.
Program performance under the PSI has been mixed. Tight monetary policy in 2015 has helped contain inflation in the target range, and the Bank of Uganda (BoU) has started an easing cycle in April 2016. Reserve cover remains adequate. Fiscal revenue and deficit targets were missed, reflecting lower-than-expected growth and election effects. Investment spending fell short, while current expenditure overshot. Structural reforms have progressed, albeit with some delays.
The banking sector remains overall well capitalized, despite elevated non-performing loans. The BoU appropriately took over an undercapitalized bank and is identifying a strategic investor.
Uganda remains at a low risk of debt distress. The scaling-up of infrastructure investment implies a temporary increase in debt, putting a premium on domestic revenue mobilization and ensuring that public investment yields the intended growth dividend.
Looking ahead, priorities include close cooperation with the Financial Action Task Force to ensure Uganda’s swift exit from its “gray” list; strengthening domestic arrears monitoring; and amending the Bank of Uganda Act to reinforce central bank independence.
1 The PSI is an instrument of the IMF designed for countries that do not need balance of payments financial support. The PSI helps countries design effective economic programs that, once approved by the IMF’s Executive Board, signal to donors, multilateral development banks, and markets the Fund’s endorsement of a member’s policies (see imf.org/external/np/exr/facts/psi.htm). Details on Uganda’s current PSI are available at imf.org/uganda.
2 The Executive Board takes decisions without a meeting when it is agreed by the Board that a proposal can be considered without convening formal discussions.