World Bank Keeps Uganda Among Low-Income Economies | Implications and Future Aspirations

The World Bank has retained Uganda among low-income economies despite the government's recent declaration that the country had attained lower-middle-income status. According to the World Bank's latest Country and Lending Groups classification for the 2026/27 fiscal year, Uganda remains among 25 countries with a Gross National Income per capita of USD 1,175 or less, based on 2025 data. Dennis Sigoa spoke to economist Smartson Ainomugisha on the implications of the latest development.