Washington, United States | AFP | Tackling disparities in education is crucial to reducing global income inequality, the International Monetary Fund said Wednesday, urging governments to spend more on schooling for disadvantaged children. In a report, the IMF said that over the past three decades, 53 percent of countries had become …
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Washington, United States | AFP | IMF Managing Director Christine Lagarde urged global leaders Wednesday not to reject international trade as policy shifts by Washington and London force resets on major global commercial treaties. Lagarde admitted that the rapid lowering of trade barriers in recent decades had caused significant dislocation, including …
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THE LAST WORD: How the obsession with our internal weaknesses has obscured the international dimension of Africa’s problems Andrew M. Mwenda | THE LAST WORD | Now in his 32nd year as president, Yoweri Museveni faces a dilemma. Uganda is still a very poor rural agricultural economy in spite of …
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Washington, United States | AFP | The International Monetary Fund on Thursday waded into the US health care debate, urging the Trump administration to “protect” gains achieved under President Barack Obama. As the US Senate continues the heated debate over repealing the Affordable Care Act implemented under Trump’s predecessor, the IMF …
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IMF to launch new form of aid – with no money Washington, United States | AFP | The International Monetary Fund announced Wednesday it will launch a new tool to support governments in financial trouble: one that involves no money. Instead of providing cheap loans to countries, the new IMF …
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Cairo, Egypt | AFP | Ramadan is a time for daytime fasting and lavish evening feasts, but Egyptians are scaling back preparations for the Muslim holy month this year after austerity measures fuelled decades-high inflation. At a Cairo supermarket, Rana, a web designer and mother of two, said she was …
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The International Monetary Fund (IMF) expects Uganda’s gross domestic product growth to record anywhere between 3.5%-4% in FY2016/17, lower than 5% that had earlier been projected. This was announced on Tuesday by Axel Schimmelpfennig, the head of IMF mission that visited Kampala, Uganda from May 2-15, 2017 to conduct the …
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Nigerian economy glimpses dim light at end of tunnel Lagos, Nigeria | AFP | Suffering from rampant inflation, stalled investment and mass layoffs, Nigeria is still gripped by one of the worst economic crises in its history. But for the first time in months, the West African economic giant …
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Why this communist state, with per capita income like ours, manufactures nuclear weapons and satellites while we can’t By Andrew M. Mwenda Last week the U.S. announced its intelligence showed North Korea was planning to test another nuclear weapon. If it does, it will be the sixth nuclear test by …
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Successful projects are not just about professional skill and technocratic expertise but accurate facts and public interest By: Paolo Mauro In the 2016 American presidential election, Hillary Clinton and Donald Trump agreed that the US economy is suffering from dilapidated infrastructure, and both called for greater investment in renovating and …
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The Independent Uganda: You get the Truth we Pay the Price