Economics
IMF Warns Uganda Debt Metrics Are Weakening
- State taking infrastructure loans ahead of crude production
- Interest payments could amount to 20% of revenue in 2019-20
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Uganda’s public debt may expand to 50.7 percent of its gross domestic product as the nation borrows for infrastructure investment ahead of planned oil production and in a bid to become a middle-income economy by 2040, the International Monetary Fund said.