Jadi Pasien IMF, Uganda Terima Injectsi Dana Segar 240 Juta Dollar

Residents of Uganda (Photo: Antara)

JAKARTA - The International Monetary Fund (IMF) stated that it has completed a review that allows direct disbursement to Uganda of SDR 180.5 million or USD 240 million.

IMF Bo Li's Deputy Managing Director said the amount fulfills the current aggregate to around US$625 million.

"This agreement is intended for the creation of fiscal space for priority social spending, maintaining debt continuity, strengthening governance, and improving the framework of the monetary and financial sector," he said in a written statement quoted Wednesday, January 18.

According to Li, the Ugandan authorities survived their reform despite the many shocks from the unfavorable external environment and the challenges of new public health.

"The authorities remain committed to carrying out reforms," he said.

Li added that the support provided by the IMF is also useful for maintaining macroeconomic stability, improving budget composition, and reducing government financing needs will help boost private sector growth and improve people's living standards.

"The implementation of firm and timely structural reforms, including anti-corruption and governance measures, remains the key to program success," he said.

To note, in the previous VOI report it was stated that President Joko Widodo had received information that 47 countries had entered into IMF patients. In fact, this figure has the potential to increase along with global uncertainty which is still high in 2023.

"The others are still queuing up at their doors to the IMF (to become patients)," said the President while giving a briefing to regional heads throughout Indonesia in Bogor earlier this week.