IMF Staff Country Reports

Uganda: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uganda

September 11, 2024

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Format: Chicago

International Monetary Fund. African Dept. "Uganda: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uganda", IMF Staff Country Reports 2024, 290 (2024), accessed September 26, 2024, https://doi.org/10.5089/9798400288821.002

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Summary

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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Debt sustainability, External debt, Public debt

Keywords: Africa, Anti-money laundering and combating the financing of terrorism (AML/CFT), Core inflation, Data dependent, Debt sustainability, Fiscal consolidation effort, Global, Headline inflation, IMF staff calculation, Inflation expectation, Middle East, NDP IV

Publication Details

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