{"id":121637,"date":"2026-04-05T08:35:27","date_gmt":"2026-04-05T08:35:27","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/bank-of-uganda-and-ifad-launch-remittance-dashboard"},"modified":"2026-04-05T09:41:25","modified_gmt":"2026-04-05T09:41:25","slug":"bank-of-uganda-and-ifad-launch-remittance-dashboard","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/bank-of-uganda-and-ifad-launch-remittance-dashboard","title":{"rendered":"Bank of Uganda and IFAD Launch Remittance Dashboard"},"content":{"rendered":"<p><span class=\"ap-article-header-tag\"> <strong>Africa-Press &#8211; Uganda. <\/strong> <\/span><b>Bank of Uganda, in partnership with the International Fund for Agricultural Development (IFAD), has launched an interactive remittance dashboard aimed at improving the tracking, accuracy, and analysis of financial inflows from the Ugandan diaspora.<\/b><\/p>\n<p>The new digital platform integrates traditional survey methods with real-time administrative data from remittance service providers, closing longstanding data gaps and giving policymakers a clearer picture of how money sent by Ugandans abroad flows into the economy.<\/p>\n<p>The dashboard was officially unveiled by Deputy Governor Prof. Augustus Nuwagaba, who emphasized that remittances are more than statistics\u2014they are a lifeline for millions of Ugandan households.<\/p>\n<p>\u201cRemittances represent the sacrifices of Ugandans abroad who work to support their families. They provide a sustainable source of foreign currency inflows, rivaling traditional exports like coffee and tourism, and are crucial for our Balance of Payments,\u201d Prof. Nuwagaba said.<\/p>\n<p>He noted that the new system expands data coverage to include a wider range of service providers and enables near real-time monitoring, a significant improvement over previous reliance on periodic surveys.<\/p>\n<p>The improved system has revealed that Uganda receives substantially more remittances than previously estimated. While earlier figures placed annual inflows at US$1.5 billion (Shs5.5 trillion), the new dashboard indicates actual inflows of about US$2.5 billion (Shs9.3 trillion) in 2025.<\/p>\n<p>\u201cThis is not new money; it is more accurate measurement. The dashboard captures where remittances come from, how they are sent, and how households use them, which is critical for policymaking,\u201d Prof. Nuwagaba explained.<\/p>\n<p>The enhanced data will help improve policies on foreign exchange management, financial inclusion, and diaspora investment mobilization. It also strengthens Uganda\u2019s external sector statistics, which are vital for monitoring the country\u2019s balance of payments.<\/p>\n<p>Prof. Nuwagaba highlighted that diaspora inflows now play a stabilizing role in the economy, acting as a buffer against external shocks and exchange rate volatility.<\/p>\n<p>\u201cThese remittances can help stabilize foreign exchange markets and relieve pressures on the exchange rate, which is key for economic fundamentals,\u201d he added.<\/p>\n<p>The dashboard is expected to enhance transparency and accessibility of financial data for researchers, policymakers, and financial institutions, supporting development planning and the creation of diaspora-focused financial products. By leveraging digital tools, Uganda is positioning itself as a leader in modernizing the measurement and utilization of diaspora contributions in national economic planning.<\/p>\n<p class=\"ap-article-footer-note\">Find more news and analyses on <span class=\"ap-highlight-country\">Uganda<\/span> on the <span class=\"ap-highlight-brand\">Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Uganda. Bank of Uganda, in partnership with the International Fund for Agricultural Development (IFAD), has launched an interactive remittance dashboard aimed at improving the tracking, accuracy, and analysis of financial inflows from the Ugandan diaspora. The new digital platform integrates traditional survey methods with real-time administrative data from remittance service providers, closing longstanding [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":121636,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234],"class_list":["post-121637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-uganda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bank of Uganda and IFAD Launch Remittance Dashboard - Uganda<\/title>\n<meta name=\"description\" content=\"-article-header-tag&quot;&gt; Africa-Press - Uganda. Bank of Uganda, in partnershi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/bank-of-uganda-and-ifad-launch-remittance-dashboard\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Uganda and IFAD Launch Remittance Dashboard\" \/>\n<meta property=\"og:description\" content=\"-article-header-tag&quot;&gt; Africa-Press - Uganda. 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