The International Monetary Fund has advised Uganda to tighten its fiscal and monetary policies for the period 2011-2012 to help curb inflation. Uganda’s inflation is rising “rapidly” due to higher domestic and international food prices, rising fuel costs, exchange rate depreciation, and high rates of private sector credit growth, according to the fund.
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About the author
Ma. Rizza Leonzon
As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.
