Tag Archives: World Bank

Washington, U.S. | Xinhua | The global economy is on track to grow by 4 percent in 2021, assuming vaccination for COVID-19 becomes widespread throughout the year, the World Bank Group said in its latest Global Economic Prospects released on Tuesday. “The global economy appears to be emerging from one of …

 Latest Economic Update notes that investments in human capital and youth over the next five years will impact on the country’s prosperity | THE INDEPENDENT | Increasing government spending on health and education over the next five years will enable Uganda to enjoy a demographic dividend that comes with a …

Kampala, Uganda | THE INDEPENDENT | The World Bank spells a gloomy picture of Uganda’s economy this year, urging the government to mind its spending plans and increase the domestic revenue mobilization. The 16th Uganda Economic Update shows that Uganda’s economy will contract by 1 percent in the calendar year 2020, …

Govt to Borrow SH1.4 Trillion to Fast-Track Pledge on Seed Schools, Health Centres Entebbe, Uganda | THE INDEPENDENT | The government is set to borrow over sh1.4 trillion under two separate projects that will see the realization of two long waited pledges of having a public secondary school and health …

Kampala, Uganda |  THE INDEPENDENT |  The African Union has a commitment of USD 5 billion promised by the World Bank and other donors, out of the USD 12 billion that African countries need to access the coming COVID-19 vaccine. This revelation was made at a teleconference meeting convened Tuesday …

Kampala, Uganda |  THE INDEPENDENT |   Uganda’s newly established cities need to plan and manage settlements to avoid the same pitfalls that befell Kampala, the Capital City. Government in July inaugurated seven new ‘cities’ by elevating former municipalities of Arua, Gulu, Mbale, Jinja, Masaka, Mbarara, and Fort Portal to city …

Kampala, Uganda |  THE INDEPENDENT |  The amount of money migrant workers send home is projected to decline by 14 per cent  compared to the pre-COVID-19 levels, according to the latest estimates published in the World Bank’s Migration and Development Brief.    Remittance flows to low and middle-income countries are projected …

Kampala, Uganda | THE INDEPENDENT | Uganda has secured a financing package of about 1.1 Trillion Shillings from the World Bank improve service delivery in local governments. This is additional funding to the 200 billion dollars received under the Uganda Intergovernmental Fiscal Transfers Program for Results,(UgIFT), to boost service delivery …

Kampala, Uganda | THE INDEPENDENT | The World Bank has approved a grant of USD 130.8 million (484 billion Shillings), to ease the movement of goods and people in refugee-hosting districts in the West Nile sub-region of Uganda. The funds got from the International Development Agency, IDA will also help and …

Kwania, Uganda | THE INDEPENDENT | Kwania district has received 1.7 billion Shillings from the World Bank for the refurbishment and upgrade of two health center II’s to HCIII’s, under the Intergovernmental Fiscal Transfer Program for Results- IFTPR. The beneficiary health centres include Akali HCII in the newly created Akali sub-county …