The International Monetary Fund published a press release and staff report on Uganda’s post-financing assessment discussions, finding that the economy has performed robustly since the pandemic with broad-based growth, contained inflation and an improving external position. The assessment notes that the external position has been supported by coffee exports and portfolio inflows, with foreign exchange reserves increasing significantly in 2025 amid a favourable external environment. It also flags constrained fiscal policy space, pointing to rising vulnerabilities from widening fiscal deficits and a high debt-servicing burden.
International Monetary Fund 2026-02-03
International Monetary Fund publishes Uganda post-financing assessment highlighting strong post-pandemic performance but rising fiscal vulnerabilities
The International Monetary Fund's report on Uganda's post-financing assessment highlights robust economic performance with broad-based growth, contained inflation, and an improving external position supported by coffee exports and portfolio inflows. However, it warns of rising vulnerabilities due to widening fiscal deficits and a high debt-servicing burden.