02067cas a2200241 a 4500 AALejournalIMF018201 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484337813 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Uganda : Technical Assistance Report-Monetary and Foreign Exchange Operations, Recapitalization, and Act Revision. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (76 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Technical Assistance Report discusses the findings and recommendations made by the IMF mission regarding monetary and foreign exchange operations in Uganda, Bank of Uganda (BOU) recapitalization, and Bank of Uganda Act revision. The presence of sizable precautionary and involuntary reserves and excessive short-end volatility has weakened the transmission mechanism in Uganda. The key challenge remains to enhance monetary and fiscal policy coordination and to ensure that institutional and operational arrangements are robust and conducive to efficient monetary operations framework. The BOU should raise the effectiveness of the monetary and foreign exchange operations framework. To foster further market development there is need to anchor short-term interest rates by using various fine-tuning instruments to ensure improved operational efficiency and strengthen transmission of policy signals across the curve. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/010 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/010/002.2018.issue-010-en.xml IMF e-Library