BOU Maintains Credit Relief for Borrowers as COVID-19 Effects Persist
BoU Deputy Governor, Dr. Michael Atingi-ego. Fred Muwema argues that there can’t be a functioning deputy Governor when there is no functioning Governor to deputize.
The Bank of Uganda has extended for six months effective April 1, 2021 the Credit Relief Measures that the banking industry offered their borrowers to help them overcome the impacts of the Coronavirus (COVID-19) pandemic on the economy.The Bank will also extend its financial support to financial institutions that may be in distress. In April 2020, Bank of Uganda (BOU) put in place Credit Rel
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