IFI COVID RELIEF AND RECONSTRUCTION SUPPORT FOR UGANDA but that further work was necessary to strengthen the accountability of highlevel officials. To safeguard the management of new disbursements under the Extended Credit Facility, specific commitments were made to enhance transparency and accountability in the use of public resources. Measures included stronger cash management; publication of tax expenditures; stronger reporting requirements for politically exposed persons; greater transparency in public accounts, and a stronger anti-corruption framework. Thus, disbursements were to be made in semi-annual tranches. These were to be conditioned on reviews, which were scheduled, at most, six months apart. The reviews would aim to assess the Government’s progress in implementing the agreed economic reforms. As part of the agreed reform agenda under the loan programme, government agreed to focus on keeping public debt on a sustainable path while improving the composition of spending to create space to finance private investment, foster growth and reduce poverty. Therefore, as part of its policy prescriptions, IMF urged government to undertake “fiscal consolidation” based on both revenue and expenditure measures during the first year of the programme. Further reforms included strengthening of 17 public financial management, fortifying the banking system, and advancing structural reforms, including in governance. The IMF further highlighted that the reform program was in-line with the country’s third National Development Plan (NDP III) and had been built around the principles of private sector-led inclusive growth. Furthermore, it stated that the program would prepare the ground for sound management of oil revenues. Key Observations surrounding the funding support received from both the World Bank and IMF. Much of the loan funding from both institutions was in the form of nonearmarked general budget support that remained subject to government’s own economic priorities in the country’s 3rd National Development Plan built around the principles of private sector-led inclusive growth and places oil and gas extraction at the core of mobilizing significant revenues for development. Thus, it is very likely that a great proportion of the funding was being allocated to the oil and gas sector on the assumption that this would drive up revenue generation and further attract more foreign direct investment into the sector as mentioned within the national Research on the Influence of International Financial Institutions on Uganda’s COVID – 19 Recovery Agenda