Djibouti IDA Credit: $6 million equivalent Maturity: 40 years Grace: 10 years Ethiopia IDA Credit: $31.5 million equivalent Maturity: 38 years Grace: 6 years Kenya IDA Credit: $43 million equivalent Maturity: 30 years Grace: 5 years Uganda IDA Credit: $48 million equivalent Maturity: 38 years Grace: 6 years Kampala, Uganda | THE INDEPENDENT | The World Bank Group on Thursday announced that it has …
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Kampala, Uganda | THE INDEPENDENT | Government has revised its proposal to borrow money to mitigate the effects of coronavirus by up to 1.3 trillion shillings. On April 2, the government presented a motion to borrow up to 1.7 trillion shillings to cushion the economy from the effects of COVID-19. …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank -UDB will be placed under the watch of Bank of Uganda with the aim of strengthening it. UDB is 100 percent owned by the government and has been self-regulating, audited by the Auditor General and reporting to parliament to answer queries …
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Entebbe, Uganda | THE INDEPENDENT | The World Bank has approved USD 148.2m (Shs 563bn) financing for Uganda to use to manage and restore its forests cover. The money according to the lender is also expected to have spillover benefits to forest dependent communities like refugees and their host communities. …
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Washington, United States | AFP | The coronavirus outbreak and government policies to limit the disease could disrupt food supply chains, potentially threatening food availability, even as prices remain stable in 2020, the World Bank cautioned Thursday. Prices of agricultural commodities are likely to hold up better than oil, metals and …
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Washington, United States | AFP | Developing countries are losing a key source of revenue as the coronavirus pandemic causes worldwide shutdowns, sharply reducing payments from workers living abroad, the World Bank said Wednesday. Remittances are expected to plunge by about 20 percent globally this year, the biggest decline in recent …
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Washington, United States | AFP | International financial institutions and African leaders warned on Friday the continent needs tens of billions of dollars in additional money to fight the coronavirus pandemic despite debt freezes and massive pledges of support. In a joint statement, the World Bank and International Monetary Fund said …
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Washington, United States | AFP | International financial institutions and African leaders warned on Friday the continent needs tens of billions of dollars in additional money to fight the coronavirus pandemic despite debt freezes and massive pledges of support. In a joint statement, the World Bank and International Monetary Fund said …
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Johannesburg, South Africa | AFP | The World Bank warned Thursday that sub-Saharan Africa could slip into its first recession in a quarter of century because of the coronavirus pandemic on the world’s most impoverished continent. “We project that economic growth in Sub-Saharan Africa will decline from 2.4 percent in 2019 …
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Kampala, Uganda | THE INDEPENDENT | The World Bank Uganda office has donated Uganda Shillings 57bn (USD 15m) towards the country’s fight to the spread of coronavirus. The money according to Antony Thompson, the World Bank Uganda Country director, will be re-allocated from the Reproductive Maternal and Child Health Services …
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The Independent Uganda: You get the Truth we Pay the Price