Uganda: Post-Financing Assessment Discussions-Press Release; and Staff Report
IMF Staff Country Reports, February 3, 2026
Source details
- Canonical URL
- Uganda: Post-Financing Assessment Discussions-Press Release; and Staff Report
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Bibliographic details
- Published: February 3, 2026
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229035071.002
Executive 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.
- Fiscal policy space remains constrained, with rising vulnerabilities associated with widening fiscal deficits and a high debt servicing burden.
Macroeconomic developments and external position
- Broad-based growth and contained inflation characterize the post-pandemic recovery.
- External position improvements are supported by:
- coffee exports
- portfolio inflows
- Foreign exchange reserves:
- increased significantly in 2025
Fiscal outlook and risks
- Fiscal policy space: constrained.
- Key vulnerabilities:
- widening fiscal deficits
- a high debt servicing burden
Content in this bundle
- Uganda: Selected IMF Staff Findings and Policy Recommendations