Tag Archives: world bank

Legislators have asked government to step up frugality in public expenditure following World Bank’s decision to suspend financial support to Uganda. This followed Uganda’s decision to enact the Anti-Homosexuality Act, 2023. According to the World Bank, the Act is in direct contradiction with its values. MPs share a concern that Uganda’s future remains uncertain with the World Bank withdrawing its ...

The government recently tabled a $608.66 million (Shs2.26 trillion) loan request to Parliament. The loan is aimed towards upgrading the roads in Greater Kampala that are in a sorry state. The Minister of State for Trade, Mr. David Bahati tabled the loan request on Wednesday during a plenary session. The government is seeking to ask the loan from the World ...

Activists have said the International Monetary Fund (IMF) and the World Bank need to end their ‘financial imperialism’ that is exploiting the global south. Instead, they should focus on creating a democratic, equitable, and just financial global world order according to activists.Debt For Climate Uganda is a local chapter of the Global Debt for Climate movement. According to the movement, ...

Uganda gaining middle Income Status as a country is something the President has been obsessed with for the past few years. In his numerous addresses, he promised Uganda will soon jump from the cluster of third world countries to the middle income status. However according to world Bank experts, this wait will go more than a decade further before Uganda ...

KAMPALA- The world bank said Uganda could dramatically overhaul its economy with the right management policies in place by the time oil starts flowing in 2018.[9] Check also: Minerals: Africa’s Top 10 Mineral-Rich Countries The World Bank country manager for Uganda,[4] said in a statement that If this resource is well managed, it could take the country a lot less ...