We project that, led by investment, Uganda's real GDP will continue to grow by more than 6% annually over the next few years. However, fiscal and external accounts in Uganda will remain weak due to the financing needs of large infrastructure projects and foreign direct investment-related imports. We are affirming our 'B/B' long- and short-term ratings on Uganda. The stable outlook reflects our view that strong real GDP growth rates will keep fiscal and external debt dynamics in check over the next year. On Jan. 16, 2015, Standard&Poor's Ratings Services affirmed its 'B/B' foreign and local currency long- and short-term sovereign credit ratings on the Republic of Uganda. The outlook is stable. The ratings on Uganda are constrained
