## 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](https://www.imf.org/en/publications/cr/issues/2026/02/03/uganda-post-financing-assessment-discussions-press-release-and-staff-report-573688)

## Other formats

- [Markdown version](/en/publications/cr/issues/2026/02/03/uganda-post-financing-assessment-discussions-press-release-and-staff-report-573688/index.md)
- [Structured JSON version](/en/publications/cr/issues/2026/02/03/uganda-post-financing-assessment-discussions-press-release-and-staff-report-573688/index.json)
- [Bundle manifest](/en/publications/cr/issues/2026/02/03/uganda-post-financing-assessment-discussions-press-release-and-staff-report-573688/bundle-manifest.json)

## Bibliographic details
- Published: February 3, 2026
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229035071.002

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### 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

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## Content in this bundle

- **Uganda: Selected IMF Staff Findings and Policy Recommendations**
  - [Uganda: Selected IMF Staff Findings and Policy Recommendations (Markdown version)](/-/media/files/publications/cr/2026/english/1ugaea2026001-source-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Uganda: Selected IMF Staff Findings and Policy Recommendations (PDF)](/-/media/files/publications/cr/2026/english/1ugaea2026001-source-pdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2026/02/03/uganda-post-financing-assessment-discussions-press-release-and-staff-report-573688_