Uganda: Post-Financing Assessment Discussions-Press Release; and Staff Report

Volume/Issue: Volume 2026 Issue 026

Publication date: February 2026

ISBN: 9798229035071

$20.00

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Exports and Imports , Public Finance , Industries - Energy , Oil

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Summary

Uganda’s post-pandemic economic performance has been robust with broad-based growth, contained inflation, and an improving external position supported by coffee exports and portfolio inflows. Foreign exchange (FX) reserves have also increased significantly in 2025 amid a favorable external environment. Nonetheless, fiscal policy space remains constrained, with rising vulnerabilities associated with widening fiscal deficits and a high debt servicing burden.