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<strong>UGANDA</strong><br />
Figure 1. Uganda: Indicators of Public and Publicly Guaranteed External Debt<br />
under Alternatives Scenarios, 2017-2037 1/<br />
5<br />
4<br />
3<br />
2<br />
1<br />
a. Debt Accumulation<br />
0<br />
0<br />
2017 2022 2027 2032 2037<br />
180<br />
160<br />
140<br />
120<br />
100<br />
80<br />
60<br />
40<br />
20<br />
Rate of Debt Accumulation<br />
Grant-equivalent financing (% of GDP)<br />
Grant element of new borrowing (% right scale)<br />
c.PV of debt-to-exports ratio<br />
0<br />
2017 2022 2027 2032 2037<br />
60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
b.PV of debt-to GDP ratio<br />
45<br />
40<br />
35<br />
30<br />
25<br />
20<br />
15<br />
10<br />
5<br />
0<br />
2017 2022 2027 2032 2037<br />
d.PV of debt-to-revenue ratio<br />
300<br />
250<br />
200<br />
150<br />
100<br />
50<br />
0<br />
2017 2022 2027 2032 2037<br />
25<br />
e.Debt service-to-exports ratio<br />
25<br />
f.Debt service-to-revenue ratio<br />
20<br />
20<br />
15<br />
15<br />
10<br />
10<br />
5<br />
5<br />
0<br />
2017 2022 2027 2032 2037<br />
0<br />
2017 2022 2027 2032 2037<br />
Baseline Historical scenario Most extreme shock 1/<br />
Threshold<br />
No oil scenario<br />
Sources: Country authorities; and staff estimates and projections.<br />
1/ The most extreme stress test is the test that yields the highest ratio on or before 2027. In figure b. it corresponds to a<br />
One-time depreciation shock; in c. to a Exports shock; in d. to a One-time depreciation shock; in e. to a Exports shock<br />
and in figure f. to a One-time depreciation shock<br />
8 INTERNATIONAL MONETARY FUND