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Analysis & OpinionsNews

Hard Times As Uganda Records Shs2 Trillion In Balance Of Payments Deficit Leading To Decline In Reserves

Uganda’s earnings from exports remains lower compared to expenditure on imports Uganda’s external position weakened in the 12 months to October 2022, reflecting adverse spillover effects associated with the Russia-Ukraine conflict especially on the commodities terms of trade which exerted pressure on the trade balance, keeping the current account on

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