Uganda: Rising Debt and the Promise of Oil

July 13, 2017

Construction worker in Hoima town, Uganda. More infrastructure and oil sector investment could boost growth (photo: JAMES AKENA/REUTERS/Newscom).

In This Episode

Drought, regional conflict, and slow credit growth are taking their toll on Uganda's economy. While per-capita growth has hovered around 5 percent for the last 20 years, the IMFs latest economic assessment shows it has fallen to 1/2 percent. In this podcast, the report's coauthor Axel Schimmelpfennig, says some strategic infrastructure investment and Uganda's untapped oil reserves could help turn things around.

Read the transcript

Axel Schimmelpfennig, IMF Mission Chief for Uganda.
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Bruce Edwards

International Monetary Fund

Bruce Edwards produces the IMF podcast program. He's an award-winning audio producer and journalist who's covered armed conflicts, social unrest, and natural disasters from all corners of the world. He believes economists have an important role in solving the world's problems and aspires to showcase their research in every IMF podcast.

Rhoda Metcalfe

Journalist

Rhoda Metcalfe is an independent journalist and audio producer. Her reporting on the armed conflict in Colombia in the late 90s, as well as her work in Egypt, Turkey and South Africa has won several awards. She now produces podcasts and radio features from Washington DC and is a regular contributor to the IMF Podcast program.