Uganda is negotiating a new funding round with the International Monetary Fund (IMF) after a previous deal lapsed last year. This move is aimed at securing affordable funding to manage its rising public debt.

• Uganda's public debt increased by 17.8% last year, reaching $29.1 billion, and standing at 52.1% of GDP by the end of 2024.
• The negotiations are being led by Ramathan Ggoobi, the ministry of finance permanent secretary and secretary to the Treasury.
• The new program is expected to be presented to the IMF Board after Uganda's general elections, scheduled for early 2026.