Uganda is planning to borrow more than six hundred million US dollars from foreign lenders, including South Africa's Rand Merchant Bank and South Korea's Export-Import Bank, to finance new infrastructure projects. The move comes at a time when the country's public debt has jumped by more than twenty-six percent in just a year, now standing at over thirty-two billion dollars. Economists and civil society groups are warning that rising debt-servicing costs could squeeze spending on health, education and other essential services. To unpack what this latest borrowing means for Uganda's economy, is Dr Brian Sserunjogi, Research Fellow at the Economic Policy Research Centre in Kampala.

<p><strong></strong>Uganda is planning to borrow more than six hundred million US dollars from foreign lenders, including South Africa's Rand Merchant Bank and South Korea's Export-Import Bank, to finance new infrastructure projects. The move comes at a time when the country's public debt has jumped by more than twenty-six percent in just a year, now standing at over thirty-two billion dollars. Economists and civil society groups are warning that rising debt-servicing costs could squeeze spending on health, education and other essential services. To unpack what this latest borrowing means for Uganda's economy, is Dr Brian Sserunjogi, Research Fellow at the Economic Policy Research Centre in Kampala.</p>

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