Uganda - Second Structural Adjustment Loan


Project Summary

Approval Date 16 Jul 1997
Signature Date 03 Sep 1997
Planned Completion Date 31 Dec 2001
Last Disbursement Planned Date 31 Dec 2001
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Environmental Category 3
Commitment U.A 27,769,258.42
Status Completion

Project General Description

The Second Structural Adjustment Loan (SAL II) project aims at providing balance of payments support to the Government of Uganda while it undertakes reforms towards the attainment of fiscal sustainability. The program consists of reform measures for the attainment of fiscal sustainability through enhanced revenue mobilization and public expenditure control. To achieve the objective of fiscal sustainability, the programme will support (i) revenue mobilization measures under which the Government will widen the tax base and improve tax adminstration; (ii) public expenditure reform aimed at limiting budgetary supplementaries, and prioritizing government spending to ensure adequate funding of expenditures that have the greatest impact on poverty reduction; (iii) a restructuring of state-owned enterprises that will permit a cut in government subsidies; and (iv) financial sector reform to strengthen the commercial banking sector and the Bank of Uganda.

Project Objectives

The programme objective is to achieve long term fiscal sustainabilty through the establishment of an efficient tax system and an improved management of public expenditure. The objective of the loan is to provide balance of payments end budget support to the government while it undertakes reform aimed at poverty reduction, the attainment of fiscal sustainability and improved management of public expenditure.

Beneficiaries

The project will benefit the Ugandan government as well as public enterprises whose restructuring will improve resource allocation, thereby promoting economic growth.

Participating Organization

Funding
African Development Fund
Implementing
GOVERNMENT OF UGANDA

Information

IATI identifier 46002-P-UG-K00-002
Last Update 01 Dec 2022

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Contact Details

Name PITAMBER Sunita
Email s.pitamber@afdb.org

Geographic Location

Country Uganda