IMF Staff Country Reports

Uganda: Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Uganda

June 30, 2021

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Format: Chicago

International Monetary Fund. African Dept. "Uganda: Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Uganda", IMF Staff Country Reports 2021, 141 (2021), accessed 12/12/2025, https://doi.org/10.5089/9781513584638.002

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Summary

The Ugandan authorities reacted swiftly to the COVID-19 crisis, locking down the economy, saving lives and avoiding a public health crisis. However, the resulting economic and social costs have been high. Per capita GDP growth remains below pre-pandemic levels, poverty gains have been reversed, fiscal balances have deteriorated, and pressures on external buffers remain high.

Subject: COVID-19, Credit, Debt service ratios, External debt, Health, International organization, Monetary policy, Money, Public debt

Keywords: Africa, cargo truck drivers, COVID-19, Credit, Debt service ratios, ECF program, Global, introduced lockdown, lockdown measure, positivity rate, pro-business reform