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Bank Of Uganda Officer Warns Finance Over Borrowing Levels

Bank Of Uganda Officer Warns Finance Over Borrowing Levels

The Central Bank of Uganda has challenged the Ministry of Finance against the current high rates of borrowing, saying they are putting the country and the economy at risk. The national debt burden is currently estimated at Ushs 64 trillion ($18b) as of December 2020, having risen 35% from the previous year. According to the government plans and as reflected ...

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