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Uganda: Rising Debt and the Promise of Oil

July 13, 2017

Construction worker in Hoima town, Uganda. More infrastructure and oil sector investment could boost growth (photo: JAMES AKENA/REUTERS/Newscom).

Drought, regional conflict, and slow credit growth are taking their toll on Uganda's economy. While per-capita growth has hovered around 5 percent for the last 20 years, the IMFs latest economic assessment shows it has fallen to 1/2 percent. In this podcast, the report's coauthor Axel Schimmelpfennig, says some strategic infrastructure investment and Uganda's untapped oil reserves could help turn things around.

Read the transcript

Axel Schimmelpfennig, IMF Mission Chief for Uganda.