We expect Uganda will sustain strong economic growth, in part thanks to continued infrastructure investments. However, fiscal deficits will remain sizable and debt servicing costs are high. We are affirming our 'B/B' ratings on Uganda. The outlook is stable. On June 15, 2018, S&P Global Ratings affirmed its 'B/B' foreign and local currency long- and short-term sovereign credit ratings on Uganda. The outlook remains stable. The stable outlook reflects our expectation that, over the next year, Uganda's fiscal and external metrics will remain broadly in line with our forecasts. Our baseline expectation is that the Ugandan government will stay broadly on track with its Policy Support Instrument and coordination program with the International Monetary Fund (IMF), as well as with
