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

Uganda: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uganda, (USA: International Monetary Fund, 2024) accessed September 14, 2024

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, Expenditure, External debt, Government debt management, Inflation, Oil production, Prices, Production, Public debt, Public financial management (PFM), Revenue administration

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Debt sustainability, Foreign exchange, Government debt management, Imports, Inflation, Oil production

Publication Details

Pages:

115
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/290
Stock No:

1UGAEA2024002
ISBN:

9798400288821
ISSN:

1934-7685

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