Uganda's External Debt: China's Role

Uganda's Ministry of Finance, Planning and Economic Development issued a report on public debt dated March 2019 that documents Uganda's external debt as of the end of 2018. The table on page 11 details Uganda's external debt stock by source. Multilateral creditors account for 65 percent of the external debt stock, bilateral creditors 34 percent, and private banks 1 percent. Of the bilateral creditors, China holds 25 percent of Uganda's total external debt stock as of the end of 2018.