Uganda: Post-Financing Assessment Discussions-Press Release; and Staff Report
February 3, 2026
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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.
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.
Subject: Commodities, External debt, Foreign exchange, Oil, Public debt
Keywords: Oil
Pages:
86
Volume:
2026
DOI:
Issue:
026
Series:
Country Report No. 2026/026
Stock No:
1UGAEA2026001
ISBN:
9798229035071
ISSN:
1934-7685
