World Bank on Covid Archives

World Bank Calls for Scrapping of OTT Tax

The World Bank has called for the scrapping of over-the-top tax-OTT. It argues that the move could boost access to coronavirus prevention messages for the vulnerable populations. This is the first the

July 11, 2020

Banking & Financial Services

Tony Thompson, the World Bank Country Manager for Uganda says that the money will be used to enable the Government to provide vital services, social safety nets and a more robust shock-responsive system for the long term, and the economy to recover faster.

World Bank approves UGX1.1 trillion loan to Uganda for COVID-19 economic recovery

The World Bank Board of Directors, yesterday, June 29th 2020 approved a $300 million (UGX1.1 trillion) budget support loan request by Uganda to boost the “Government’s capacity to prevent, detect and treat

July 1, 2020

The Big Story

Bahati Tables the motion to borrow a combined USD1.1 billion from the World Bank, IMF, AFD and AfDB yesterday May 20th 2020

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

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

May 21, 2020

The Big Story

Uganda's Finance Minister, Hon. Matia Kasaija

Word Bank predicts the first Sub-Saharan Africa recession in 25 years over Covid-19

WASHINGTON, April 9, 2020—Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1% in 2020,

April 10, 2020

The Big Story