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Jan 10 results
22:11
22:11

IMF Explains UGX 3.5 Trillion COVID-19 Loan Facility to Uganda 2

In June, the IMF Executive Board under the Extended Credit Facility (ECF) arrangement approved a loan to support Uganda's post Covid-19 recovery and increase households’ incomes and inclusive growth by fostering private sector development.
07:36
07:36

Uganda Gets UGX 1.9 Trillion Emergency Funding from IMF 1

The money is approved under the Rapid Credit Facility program that is meant to help poor countries pick up pieces after being battered by the virus. The disbursement is 100 per cent of Uganda’s quota. IMF, the international lender of last resort, says the money will help Uganda fund health, social protection and macroeconomic stabilization measures.
10:27
10:27

Uganda Could Be Most Resilient in East Africa This Year – IMF 1

In the latest report of the global outlook for 2020, the IMF says Uganda’s growth will be 3.5% this year down from 5% in 2019. This is far better than Kenya’s that will drop from 5.6% in 2019 to 1% this year.
07:07
07:07

IMF Cuts Uganda’s Growth Projection 1

After assessing the economy, the IMF said Uganda had challenges to raise money to carry out activities in the budget. This has made the country borrow heavily, but even then, most projects especially those financed by donors are still lagging behind
17:44
17:44

I Feel Vindicated over UCB Sale - Professor Suruma World Bank 1 3 Top story

Suruma, the Makerere University Chancellor was one of the few government officials that had tried to resist the World Bank/ International Monetary Fund call for privatization of UCB.
16:59
16:59

Debt Servicing is Straining Service Delivery – IMF Warns Uganda Debt sustainability 1

In its latest economic outlook report for Uganda after the executive consultations on the country, the IMF says: “One shilling paid for debt service is one shilling less going to a school or a health clinic. The current ratio of interest payments to revenue is comparable to what countries with high risk or in debt distress typically face.”
14:22
14:22

IMF Board Gives Nod to Uganda's Economic Performance imf uganda 1

Growth has slowed, but infrastructure and oil sector investment can revive strong growth. More needs to be done to better manage public investment, enhance social spending, and improve the business environment.
11:32
11:32

Report: Uganda Among Fastest Growing Economies by 2025 harvard university 1

Uganda will top the list on the fastest growing economies in the world by 2025 according to a report released by Harvard University Center for International Development CID last week. The Economic Complexity Global Growth Projections: Predicted Annual Growth Rate to 2025 shows that Ugandas economy will be growing at a 7.73 percent rate followed by India growing at a 7.72 percent.
19:18
19:18

IMF Boss Cautions Uganda on Foreign Aid Reliance investments 1

Christine Lagarde cited times of uncertainty saying that a lot of global policies could change and instead advised the country to build a resilient economy through harnessing opportunities within Uganda and the region.
17:34
17:34

Survey: Parliaments Have Weak Oversight on Govt Loans

A study compiled by World Bank, International Monetary Fund (IMF) and the Inter Parliamentary Union (IPU) shows that legal frameworks for parliamentary oversight of government loans are common although not universal.
Jan 10 results