Sovereign Analysis /
Uganda

Uganda: IMF discussion paints positive picture

  • Uganda's macro outlook continues to be strong in the face of external shocks, with rising growth and subdued inflation

  • IMF programme supports fiscal consolidation and debt sustainability, but rising debt service could crowd out capex

  • Retain Buy on 5yr and 10yr government debt amid high real yields, with overvalued currency as main concern

Uganda: IMF discussion paints positive picture
Patrick Curran
Tellimer Research
28 April 2022
Published byTellimer Research

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