Tag Archives: World Bank

Nairobi, Kenya | THE INDEPENDENT | The UN Secretary-General, António Guterres has called for urgent reforms at the World Bank and the International Monetary Fund saying their policies are unfair to Africa which is faced with a debt crisis. The UN Chief who was in Nairobi at the high-level Africa Climate Summit said …

A comprehensive and strategic approach to address the concerns raised by the global bank should be developed COMMENT | SIMON M. MUTUNGI | On Aug.08, the World Bank announced that it is halting new loans to Uganda over the country’s controversial Anti-Homosexuality Act (AHA). The United States-based development financier said the …

Kampala, Uganda | THE INDEPENDENT | Parliament has approved a request by the Government to borrow up to US$518 million approximately Shillings 1.923 trillion from the World Bank to finance the Greater Kampala Metropolitan Area Urban Development Programme. This follows the adoption of a report presented to the House by …

CSOs want government to renegotiate with the lender on funding key development projects Kampala, Uganda | JULIUS BUSINGE | Following the World Bank decision issued on Aug.8 to stop new public funding to Uganda in relation to the passing of the anti-homosexuality bill into law, a group of civil society organizations …

COMMENT | DANNY BRADLOW  | Many people may be tempted to view the World Bank’s recent announcement that it will freeze new loans to Uganda because of the country’s vicious anti-LGBTIQ+ law as a harbinger of the Bank taking a more progressive approach to human rights issues. While the announcement is …

How our prejudices have combined with an exhausted government to create a disaster for our country THE LAST WORD | Andrew M. Mwenda |  The mighty World Bank has suspended all new loan applications to Uganda for passing the anti-homosexuality act. The law is primitive. I feel ashamed to be a citizen of …

Kampala, Uganda | THE INDEPENDENT |  President Yoweri Museveni has said the provocations by the World Bank and the “thought-less homo-sexual lobby”, should not provoke Uganda and Africa into being, automatically, anti-Western. In his latest missive on the World Bank decision to cut future loans because of Uganda’s stand on homosexuality, …

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker, Thomas Tayebwa has urged Members of Parliament to remain calm as the government continues to engage the World Bank on funding of new projects. The World Bank Group issued  a statement on 08 August 2023 suspending new public financing to Uganda …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has assured the banking and financial industry that it will ensure its stability and the sustainability of the microeconomics of the country amidst the withdrawal of the World Bank from new loan deals. The World Bank decision communicated last week …

Kampala, Uganda | THE INDEPENDENT | Civil society groups in Uganda have warned on the likely effects of the World Bank move to suspend new loans to Uganda, saying it is time to be more frugal and reprioritize public expenditure. The Bank is the largest single lender to Uganda accounting for …