Uganda’s debt remains sustainable, says IMF

The International Monetary Fund (IMF) has said the political and economic contexts in Uganda are predictable and stable, and that the debt is sustainable, which puts the country in a better position for development.

“The macroeconomic environment is not without challenges, with high interest rates on public debt, low private credit, and dwindling capital flows, but fiscal consolidation is ongoing, and debt remains sustainable with [medium/moderate] probability of debt distress.”