Fiscal Policy
Fiscal Policy
Uganda set to outpace region as IMF flags oil-driven growth surge
IMF forecasts place Uganda among the world’s fastest-growing economies as oil production nears, even as risks rise across sub-Saharan Africa
Uganda’s oil moment approaches — but the risks are multiplying
Uganda's first oil is due in H2 2026, but timing risks, fiscal pressures, and a Middle East conflict cloud the outlook
Fitch affirms Uganda B+ rating
Ratings supported by favourable medium-term growth prospects and macroeconomic stability, but constrained by weak governance and budget and current account deficits
A mindset change is best route to broader and resilient growth
The Uganda government must encourage citizens to participate in the national development agenda. It must start by viewing citizens as agents of economic growth and development, not a burden to the government
Bank of Uganda holds rates, warns of rising public debt
Central bank maintains key interest rate at record low, noting gradual but subdued economic growth and favourable inflation outlook
Uganda receives IMF loan to stave off coronavirus impact
The International Monetary Fund said on Wednesday that it had approved a $419.5m (Shs1.6 trillion) loan to Uganda to help combat the economic fallout of the Covid-19 coronavirus pandemic
Government to spend extra Shs304.4bn to counter coronavirus
Uganda will spend Shs304.4bn ($80.6m) over the next three months on its coronavirus pandemic response, according to a supplementary budget request presented to parliament this week
IMF sees favourable prospects for Uganda, calls for more social spending
The IMF is optimistic about Uganda's prospects over the next five years but says more social spending is needed to fight unemployment among youths and women