Uganda is known as the star-pupil of the IMF in Africa. During the last ten years, the country pursued IMF policies of fiscal austerity combined with structural adjustment, and also implemented a far reaching poverty reduction strategy. Based upon these achievements, Uganda was the first country to benefit from debt relief under both the original and enhanced frameworks of the Heavily Indebted Poor Countries (HIPC) Initiative. But the star-pupil of the IMF does not have a sustainable level of debt even after reaching the HIPC completion point twice – a devastating result for the whole HIPC initiative.