Tag Archives: World Bank

Kampala, Uganda | THE INDEPENDENT | Uganda and some of its neighbours will have a hard time as a new World Bank report warns of a possibility of high global inflation accompanied by tepid growth, reminiscent of the stagflation of the 1970s. The Global Economic Prospects Report predicts that Uganda …

Nairobi, Kenya | Xinhua | The World Bank said it has provided 385 million U.S. dollars in International Development Association (IDA) financing to Horn of Africa countries to tap groundwater potential and boost climate resilience. The World Bank said in a statement issued on Wednesday evening that the Horn of Africa …

Changes in fiscal, monetary, climate and debt policy are needed to counter capital misallocation and inequality Washington, U.S. | Xinhua | The global economy is on track to grow by 2.9 percent in 2022, down 1.2 percentage points from the January projection, the World Bank Group said in its latest Global …

USMID Additional Financing-USMID-AF launched in 2018/19 for a five-year period maintains the development objective of enhancing institutional capacity of selected local governments Kampala, Uganda | THE INDEPENDENT | Uganda’s new cities need to ensure that their physical development plans are designed and approved to attract new funding, according to executives at …

Kampala, Uganda | THE INDEPENDENT | The government should create sufficient and quality jobs by accelerating a sustainable and inclusive economic transformation to resume the path of inclusive growth and poverty reduction, the World Bank Group’s 2021 Systematic Country Diagnostic (SCD) has recommended. According to SCD, the government should focus …

Energy prices are expected to rise more than 50 percent in 2022 before easing in 2023 and 2024 Washington, U.S. | Xinhua | The Russia-Ukraine conflict has dealt “a major shock” to commodity markets, altering global patterns of trade, production and consumption, the World Bank (WB) said in a report released …

Kampala, Uganda | THE INDEPENDENT | The World Bank will fund the construction of the 78km Lira- Kamdini road. In January, President Museveni directed the government takes over funding for the road after the World Bank set stringent conditions on environmental and social impact studies. For instance, one of the conditions …

Nairobi, Kenya | Xinhua | The World Bank on Wednesday projected the economy in Sub-Saharan Africa to slow down to 3.6 percent in 2022 from 4 percent in 2021. The World Bank said the region’s economy is struggling to pick up momentum amid a slowdown in global economic activity, continued supply …

Kampala, Uganda | THE INDEPENDENT | The European Union has provided 8 million euros (31.8 billion shillings) towards efforts aimed at eliminating injustices related to the land tenure systems in the country. The grant to be administered by the World Bank aims at strengthening land tenure security, land administration and land …

Kampala, Uganda | THE INDEPENDENT | The National Economy Committee which is monitoring the performance of a US$150 million World Bank loan under the Agricultural Cluster Development Project (ACDP) has discovered that  Kabarole district has not received funding for most of its investment projects. Legislators doubtful of the intention of the Ministry …