Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Corruption at the World Bank: But if it can’t rank business friendly countries, who can? THE LAST WORD Museveni’s Covid paranoia: Why Uganda and other African countries have consistently taken extreme and inappropriate …
Read More »Invest Shs1.2tn IMF money in Covid-19 fight – CSOs
The group wants government to open up on the plan for this cash Kampala, Uganda | THE INDEPENDENT | Government needs to open up on the recent allocation of the Shs1.2trillion International Monetary Fund’s Special Drawing Rights (SDRs) and invest in the fight against COVID-19 pandemic to boost economic recovery, …
Read More »IMF explains USD 1Bn Covid-19 loan facility to Uganda
Kampala, Uganda | THE INDEPENDENT | Officials from the International Monetary Fund (IMF) have explained the recently approved US Dollars 1 billion extended credit facility for Uganda to support the post Covid-19 recovery. The officials made the explanation on Monday afternoon during a meeting between the Leader of Opposition in Parliament, Mathias …
Read More »Go slow on IMF financing, gov’t tells civil society
Kampala, Uganda | THE INDEPENDENT | The recent allocation of special drawing rights by the International Monetary Fund to its members has triggered fears of misuse, since the resource had been described as free, and not a loan. Special Drawing Rights are an international reserve asset, created by the IMF to …
Read More »Africa’s free trade area boosts China
China is positioned to gain from significant constraints to accelerating and diversification of intra-Africa trade COMMENT | JONATHAN MUNEMO | The African Continental Free Trade Area (AfCFTA) intends to promote regional trade integration in Africa, which can play an important role in accelerating sustained growth and reducing poverty on the …
Read More »Africa and the IMF
How the continent can seize the moment and start resetting its relationship with the international financial institution | DANNY BRADLOW | The International Monetary Fund (IMF) has injected $650 billion in Special Drawing Rights into the global economy. It will allocate them among its member states, which can then decide …
Read More »Zambian opposition defeats ruling party
Stalwart Hichilema secures big win in presidential elections | MICHELLE GAVIN | Late last week, in the midst of deep economic crisis and fears of political violence, the Zambian people took decisive action in favour of a change in course. They turned out in robust numbers to elect veteran opposition …
Read More »IMF projects global economy to grow by 6% in 2021, highlighting widening divergence
The recovery remains uneven across regions, depending on access to vaccines Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday maintained its global economic growth forecast at 6 percent for 2021, with economic prospects diverging further across countries since April’s forecast, according to the latest World Economic Outlook …
Read More »IMF loan to Uganda will be tracked on quarterly basis
IMF loan approved will be disbursed in three financial years Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has revealed that expenditure of the USD 1 billion (3.5 trillion Shillings) loan that Uganda is receiving will be tracked on a quarterly basis. The loan approved on Monday will …
Read More »COVID-19: IMF approves US$1 billion for Uganda
Washington, US | THE INDEPENDENT | The Executive Board of the International Monetary Fund (IMF) has approved a 36-month arrangement under the Extended Credit Facility (ECF) for Uganda in an amount equivalent to US$1 billion to support the post-COVID-19 recovery and the authorities’ plan to increase households’ incomes and inclusive growth by …
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