Social support measures undertaken by government included support to households, including food distribution to 1.5 million vulnerable people in urban areas; direct cash transfers to over 501,107 households; the expansion of labor-intensive urban cash for work programs; provision of social assistance grants to the elderly aged above 65 years. On the monetary front, in 2020, the Bank of Uganda (BOU) provided credit relief to all borrowers (corporate entities, individuals, businesses and households) negatively affected by the COVID-19 • The Bank of Uganda allowed the restructuring of any loan affected by the COVID-19 pandemic within a oneyear period, from April 1 2020. This was further extended for another 6 months • Within this period, borrowers were eligible to have their loans restructured up to two times. The objective was to enable borrowers to deal with the unfavorable impact of the COVID-19 pandemic on their ability to repay loans, and reduce the risks faced by lenders affected by the COVID-19 pandemic. Analysis of the provided stimulus measures Our analysis revealed that while welcome, the above stimulus programmes were inadequate in restoring livelihoods and promoting economic recovery. Three (3) key issues stand out. First the largest proportion of support was tailored to benefit large formal corporations with little to no fiscal assistance for small businesses and those in the informal sector. The tax measures could only benefit businesses in the formal sector. Funding to the Uganda Development Bank and the Uganda Development corporation also went to the formal sector. Micro enterprises, 38 percent of which are women owned did not benefit from these measures and remained seriously exposed to bankruptcy, threatening the livelihoods of large numbers of women. Second, the social support food distribution program remained inadequate. An IMF report revealed that only 1.5 percent of social support programs were reaching intended beneficiaries. This threatens to exacerbate already existing inequalities within the country with women standing to be the most affected. Third, some business loans were restructured by financial institutions 13 Research on the Influence of International Financial Institutions on Uganda’s COVID – 19 Recovery Agenda