Ugandan economy set to grow 6-7 pct in medium term -IMF
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.
- 'Weird Al' Yankovic still trying to wrap head around No. 1 album
- French warplanes search Mali desert for crashed Air Algerie plane |
- Wreckage of Air Algerie plane carrying 116 people found in Mali |
- Shelling of Gaza school kills at least 15; toll nears 800 |
- World's oldest joke traced back to 1900 BC