The last full Debt Sustainability Analysis (DSA) was conducted at the time of the 2015 Article IV Consultation and Fourth PSI Review in June 2015 (IMF Country Report No. 15/175). Under the Country Policy and Institutional Assessment (CPIA), Uganda was shifted from strong to medium performer in July 2015. All data refer to fiscal years running from July to June (e.g., FY2015/16 covers July 2015 to June 2016). External debt is defined as foreign-currency denominated debt.