The Big Story

Gov’t to borrow a record UGX5.7 trillion for Covid-19, roads, health and private sector

by Muhereza Kyamutetera
Bahati Tables the motion to borrow a combined USD1.1 billion from the World Bank, IMF, AFD and AfDB yesterday May 20th 2020
Government of Uganda is to borrow up to USD1.51 billion (UGX5.7 trillion) from various multilateral lenders, once Parliament approves the motions tabled before it. According to a parliament brief to the Finance Committee that CEO East Africa has seen, this includes the USD491.5 million already approved by the IMF Executive Board for Uganda and is now awaiting Parliament’s ratification. In fac

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.