According to the IMF, Uganda\u2019s economy recorded broad-based growth of 6.3% in the 2024\/25 financial year, driven by strong performance across multiple sectors. Inflation remained stable and below the 5% medium-term target of the Bank of Uganda.<\/p>\n
<\/p>\n
The IMF said gross international reserves strengthened during the year, supported by higher exports, increased capital inflows, and stepped-up foreign exchange purchases by the central bank.<\/p>\n
<\/p>\n
However, the Fund noted that Uganda\u2019s fiscal position deteriorated significantly in FY2024\/25 due to higher current spending, including several one-off expenditures. Despite this, the macroeconomic outlook remains favourable, with further improvement expected once oil production begins in FY2026\/27.<\/p>\n
<\/p>\n
The IMF cautioned, however, that the outlook is subject to downside risks, including global trade and financial uncertainties, as well as potential fiscal policy slippages.<\/p>\n
<\/p>\n
The IMF team concluded that Uganda\u2019s capacity to repay the Fund remains adequate, even under a combination of external and domestic shocks.<\/p>\n
<\/p>\n
The Fund expressed appreciation to the Ugandan authorities for their \u201cproductive engagement and hospitality\u201d during the mission. The IMF Executive Board is expected to consider Uganda\u2019s post-financing assessment in January 2026.<\/p>\n
<\/p>\n
–IMF\/ChannelAfrica–<\/p>\n","protected":false},"featured_media":15205,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-15204","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"An International Monetary Fund (IMF) staff team, led by Jesmin Rahman, visited Kampala from November 3 to 7, 2025, to conduct Uganda\u2019s post-financing assessment.\n","published_date":null,"news_description":"An International Monetary Fund (IMF) staff team, led by Jesmin Rahman, visited Kampala from November 3 to 7, 2025, to conduct Uganda\u2019s post-financing assessment.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15204\/revisions"}],"predecessor-version":[{"id":19545,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15204\/revisions\/19545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/15205"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=15204"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}