Museveni Says Uganda Is Middle-Income, the World Bank Says Not Yet
The gap between the government's claim and the World Bank's list is about fifty-six dollars of income per person per year. The post Museveni Says Uganda Is Middle-Income, the World Bank Says Not Yet appeared first on The Rio Times .
Uganda's President Yoweri Museveni has long claimed that his country has reached middle-income status, but the World Bank continues to classify it as low-income. This discrepancy affects how investors, lenders, and donors view Uganda's risk profile. Museveni argues that Uganda's GDP per capita, estimated at about US$1,046 in June 2022 and US$1,399 by end-June 2026, has risen above the US$1,036 threshold for middle-income status.
However, the World Bank uses gross national income (GNI) per capita in its classification, which places Uganda below the US$1,175 threshold for lower-middle-income status. The disagreement is rooted in the different metrics used by the two organizations. While Uganda's macroeconomic indicators, such as public debt and revenue mobilization, suggest that the country is still constrained, the oil sector presents an opportunity for growth and improved external balance.
Uganda's relationship with external partners, including multilateral institutions like the World Bank and IMF, remains important as the country navigates its transition to a middle-income status.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
