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• Uganda’s Public Debt sources from China and commercial banks have been increasing.
• Finance indicates that the share of multilateral credit stood at 61.7 per cent, representing an 8.9 percent reduction from June 2016 when it was 70.6 per cent
• Ministry of Finance data indicates that the share of commercial bank loans has been growing rapidly, with an increase of US$1.33b, or 10.39 per cent, by June 2022

According to the Status of Uganda’s Debt report, multilateral lenders remain the largest source of credit for Uganda. However, the report shows that the share of debt sourced from multilateral lenders has been decreasing, while other sources such as China and commercial banks have been increasing their share.

As of June 2022, data from the Ministry of Finance indicates that the share of multilateral credit stood at 61.7 per cent, representing an 8.9 per cent reduction from June 2016 when it was 70.6 …