Uganda's economic recovery is strengthening on the back of low inflation, favorable agricultural production, and strong activity in industrial and services sectors. The envisaged start of oil production in late 2025 is expected to further boost growth and improve fiscal and external balances in the medium term. Risks are mostly on the downside, including continued fallout from the Anti-Homosexuality Act (AHA), which complicates already tight external financing conditions, potential delays in oil production, and climate-related shocks.
- Pages
- 115
- Published in
- United States of America
Table of Contents
- FINAL PR on Uganda 1
- FOR IMMEDIATE RELEASE 1
- Uganda SR IA DSA EDBuff 5
- 2 - UGA - 2024 - Article IV Consultation Staff Report for clearance.pdf 5
- context 8
- RECENT economic developments 10
- macroeconomic outlook and risks 14
- policies 15
- A. Fiscal Policy—Creating Durable Policy Space 15
- B. Exchange Rate and External Sector Policies—Ensuring Competitiveness and Building Buffers 21
- C. Monetary and Financial Sector Policies—Safeguarding Price and Financial Sector Stability and Promoting Financial Inclusion 23
- D. Structural Reforms—Accelerating Economic Transformation Toward Inclusive Sustainable Private Sector-Led Growth 27
- other issues 30
- staff appraisal 30
- A. Context 62
- B. CD Strategy and Priorities 63
- C. Risks and Mitigation 63
- D. CD Priorities 64
- 3 - UGA - 2024 - Article IV Consultation (IA) Informational Annex to Clearance 67
- Relations with the Fund 68
- Relations with Other International Financial Institutions 83
- 4 - UGA - 2024 - Article IV - DSA 84
- public debt coverage 85
- background and recent developments 86
- macro forecasts 90
- country classification 95
- external debt sustainability 96
- public debt sustainability 96
- conclusions 97
- Authorities’ Views 99
- 5 - Uganda Buff on September 6 109
