## Uganda: 2026 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uganda

_IMF Staff Country Reports, August 6, 2026_

## Source details

**Canonical URL:** [Uganda: 2026 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uganda](https://www.imf.org/en/publications/cr/issues/2026/08/06/uganda-2026-article-iv-consultation-press-release-staff-report-and-statement-by-the-578554)

## Other formats

- [Markdown version](/en/publications/cr/issues/2026/08/06/uganda-2026-article-iv-consultation-press-release-staff-report-and-statement-by-the-578554/index.md)
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## Bibliographic details
- Published: August 6, 2026
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229057073.002

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### Key findings and outlook
- Uganda’s robust growth momentum continues, supported by strong domestic demand, low inflation, and a pickup in private sector credit growth.
- The outlook is set to strengthen further with the expected start of oil production in late 2026, which would strengthen fiscal and external balances over the medium term.
- Spillovers from the conflict in the Middle East have so far been limited.

### Risks and vulnerabilities
- A prolonged or intensified conflict in the Middle East poses a significant downside risk in the near term.
- Other risks include tighter global financial conditions, further delays in oil production, and climate‑related shocks.

### Subjects and keywords (as stated in the source)
- Subjects: Commodities, Exchange rates, External debt, Foreign exchange, Oil, Public debt
- Keywords: central bank, digital currency, exchange rate, Exchange rates, expenditure discipline, expenditure prioritization, foreign exchange market, Global, Imf executive board, inflation expectation, Middle East, Oil, policy buffer, SDR million

*Uganda: 2026 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uganda — August 6, 2026*

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## Content in this bundle

- **Uganda: IMF staff report**
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  - [Uganda: IMF staff report (PDF)](/-/media/files/publications/cr/2026/english/1ugaea2026002.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2026/08/06/uganda-2026-article-iv-consultation-press-release-staff-report-and-statement-by-the-578554_