As for monetary policy, the policy interest rate is already low at 1.5 percent, leaving little room for further reductions. In view of the limited room for fiscal and monetary policy, it is necessary to be aware of the possibility of economic instability continuing for a while. III.
The Bank of Uganda has also received technical assistance from the Islamic Development Bank (IDB) to train the Bank Supervision staff for full understanding of Islamic banking and finance so that they are in position to effectively regulate these institutions once  BIS Review 130/2009  1  they are established and licensed to operate in Uganda.