By Julius Businge The World Bank’s Board of Executive Directors have discussed and endorsed the progress report of the Country Assistance Strategy (CAS) for Uganda that will guide the support of the World Bank Group to the country for the remaining two years (2014-2015) of the CAS. The CAS is …
Read More »World Bank, DFID to release tourism report
By Julius Businge The Ministry of Tourism, Wildlife and Antiquities (MTWA), in partnership with The World Bank and DFID will be launching a report on the current status of the Tourism Industry in Uganda on Aug 1 in Kampala. A statement released by the bank on July 29 says the …
Read More »Will World Bank buy peace in DR Congo?
By Gerald Mbanda The UN involvement dates back to the 1960-1964 crisis but to date over 40 rebel groups operate in DRC The recent joint visit to the Great Lakes Region by the UN secretary General Ban Ki-Moon and World Bank President Jim Yong Kim to support a peace deal …
Read More »World Bank, IMF to release report on MDGs
By Julius Businge The World Bank in partnership with the Economic Policy Research Centre (EPRC) will on May 3 give an update on the world’s progress towards achieving the Millennium Development Goals (MDGs). The event will be held at Makerere University. The report, titled Global Monitoring Report (GMR) is jointly …
Read More »EAC countries improve business climate-World Bank
By Julius Businge A new IFC and World Bank report shows that in 2011/12 all five economies of the East African Community (EAC)—Burundi, Kenya, Rwanda, Tanzania, and Uganda—implemented at least one institutional or business regulatory reform improving the business climate for local entrepreneurs. Released on May 2, Doing Business in …
Read More »World Bank puts Africa growth rates at 5%
By Julius Businge The World Bank has said economic growth in Sub-Saharan Africa is likely to reach more than 5% on average in 2013-2015 as a result of high commodity prices worldwide and strong consumer spending on the continent. The Bank said in its latest Africa’s Pulse, a twice-yearly analysis …
Read More »New report tips on tax compliance
By Julius Businge A recent report released by the World Bank, IFC, and PwC finds that governments continue to reform their tax systems despite global economic uncertainty, with 31 economies having taken steps from June last year through May 2012 to make it easier and cost less for small and …
Read More »World Bank Report warns governments on global warming
By Ronald Musoke Continued foot-dragging by the world’s governments to reach a new and concrete Climate Change deal is not only setting the entire world on course to a warmer world but the consequences will be calamitous says a new World Bank report. The report, “Turn Down the Heat: Why …
Read More »World Bank to assess Aid to Uganda
By Julius Odeke With the continued amount of pressure from donors over the theft of over Shs20bn from the Office of the Prime Minister (OPM) World Bank is considering slashing aid to the Kampala government. “The World Bank Group is concerned about recent allegations of misuse of public funds in …
Read More »Museveni’s vision
By Ronald Musoke World Bank, experts want shift in strategy In the week leading up to Uganda’s golden jubilee celebrations, President Yoweri Museveni made several optimistic speeches, the most vivid being a public lecture he delivered on Oct. 2 with the theme “A 50-year journey since independence (1962-2012): A good …
Read More »