{ "title": "IMF Staff Completes Post-Financing Assessment Mission to Uganda", "publication": "IMF News, November 12, 2025", "sourceUrl": "https://www.imf.org/en/news/articles/2025/11/12/pr-25371-uganda-imf-staff-completes-post-financing-assessment-mission", "canonical": "https://www.imf.org/en/news/articles/2025/11/12/pr-25371-uganda-imf-staff-completes-post-financing-assessment-mission", "overlayPath": "/en/news/articles/2025/11/12/pr-25371-uganda-imf-staff-completes-post-financing-assessment-mission/index.md", "summary": "An IMF staff team led by Jesmin Rahman visited Kampala from November 3 to 7 to conduct Uganda’s post-financing assessment (PFA).[1]", "publishDate": "2025-11-12", "sections": [ { "heading": "Mission details", "content": "- IMF staff team led by Jesmin Rahman visited Kampala from November 3 to 7 to conduct Uganda’s post-financing assessment (PFA).\n- Press Release No. 25/371; publication date: November 12, 2025.\n- The Post-Financing Assessment is expected to be discussed at the Executive Board of the IMF in January 2026.\n- IMF Communications Department media relations: PRESS OFFICER: Tatiana Mossot; Phone: +1 202 623-7100; Email: MEDIA@IMF.org." }, { "heading": "Growth and inflation findings", "content": "- Economic growth reached 6.3 percent in FY2024/25 and was described as broad-based.\n- Inflation remains stable and below the 5 percent medium-term target of the Bank of Uganda (BoU)." }, { "heading": "Fiscal position and debt service", "content": "- The fiscal position deteriorated significantly in FY2024/25 due to higher current spending, including one-off items.\n- Interest payments are taking up almost a third of domestic revenues." }, { "heading": "External position and reserves", "content": "- Gross international reserves strengthened, supported by higher exports, capital inflows, and stepped-up foreign exchange purchases by the BoU.\n- Foreign exchange reserves have increased significantly." }, { "heading": "Outlook and risks", "content": "- Macroeconomic conditions are expected to remain favorable in the near term.\n- Further improvement is anticipated once oil production begins in FY2026/27.\n- Downside risks to the outlook include global trade and financial uncertainties as well as fiscal policy slippages." }, { "heading": "Capacity to repay the IMF", "content": "- The staff team assessed Uganda’s capacity to repay the IMF as adequate under a combination of external and domestic shocks." }, { "heading": "Closing and next steps", "content": "- The IMF team thanks the authorities for their productive engagement and hospitality.\n- The IMF Executive Board is expected to consider Uganda’s PFA in January 2026.\n\nSource: IMF Staff Completes Post-Financing Assessment Mission to Uganda (Press Release No. 25/371), November 12, 2025.\n\n---\n\n Content in this bundle\n\n- The Post Financing Assessment\n - The Post Financing Assessment (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - The Post Financing Assessment (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- Uganda and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2025/11/12/pr-25371-uganda-imf-staff-completes-post-financing-assessment-mission" } ], "bullets": [ "[Markdown version](/en/news/articles/2025/11/12/pr-25371-uganda-imf-staff-completes-post-financing-assessment-mission/index.md)", "[Structured JSON version](/en/news/articles/2025/11/12/pr-25371-uganda-imf-staff-completes-post-financing-assessment-mission/index.json)", "[Bundle manifest](/en/news/articles/2025/11/12/pr-25371-uganda-imf-staff-completes-post-financing-assessment-mission/bundle-manifest.json)", "Published: November 12, 2025", "IMF staff team led by Jesmin Rahman visited Kampala from November 3 to 7 to conduct Uganda’s post-financing assessment (PFA).", "Press Release No. 25/371; publication date: November 12, 2025.", "The Post-Financing Assessment is expected to be discussed at the Executive Board of the IMF in January 2026.", "IMF Communications Department media relations: PRESS OFFICER: Tatiana Mossot; Phone: +1 202 623-7100; Email: MEDIA@IMF.org.", "Economic growth reached 6.3 percent in FY2024/25 and was described as broad-based.", "Inflation remains stable and below the 5 percent medium-term target of the Bank of Uganda (BoU).", "The fiscal position deteriorated significantly in FY2024/25 due to higher current spending, including one-off items.", "Interest payments are taking up almost a third of domestic revenues.", "Gross international reserves strengthened, supported by higher exports, capital inflows, and stepped-up foreign exchange purchases by the BoU.", "Foreign exchange reserves have increased significantly.", "Macroeconomic conditions are expected to remain favorable in the near term.", "Further improvement is anticipated once oil production begins in FY2026/27.", "Downside risks to the outlook include global trade and financial uncertainties as well as fiscal policy slippages.", "The staff team assessed Uganda’s capacity to repay the IMF as adequate under a combination of external and domestic shocks.", "The IMF team thanks the authorities for their productive engagement and hospitality.", "The IMF Executive Board is expected to consider Uganda’s PFA in January 2026.", "**The Post Financing Assessment**", "[Uganda and the IMF](http://www.imf.org/external/country/UGA/index.htm)", "[Press Releases](https://www.imf.org/en/news/searchnews)", "[PRESS CENTER](http://presscenter.imf.org/)", "[https://www.imf.org/en/home](https://www.imf.org/en/home)" ], "related": [ { "title": "The Post Financing Assessment", "role": "document", "sourceUrl": "https://www.imf.org/en/-/media/files/factsheets/english/2023-post-financing-assessment.pdf", "summary": { "path": "/en/-/media/files/factsheets/english/2023-post-financing-assessment.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/en/-/media/files/factsheets/english/2023-post-financing-assessment.pdf", "mime": "application/pdf" } } ], "alternates": { "markdown": "/en/news/articles/2025/11/12/pr-25371-uganda-imf-staff-completes-post-financing-assessment-mission/index.md", "json": "/en/news/articles/2025/11/12/pr-25371-uganda-imf-staff-completes-post-financing-assessment-mission/index.json", "bundleManifest": "/en/news/articles/2025/11/12/pr-25371-uganda-imf-staff-completes-post-financing-assessment-mission/bundle-manifest.json" }, "generatedAtUtc": "2026-09-26T04:15:04.331Z" }