Tag Archives: IMF

Uganda will receive the loan in three installments of about 330 million dollars per financial year Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has lent Uganda One Billion US Dollars. IMF in a statement issued on Tuesday said the agreement was reached in a virtual IMF visit …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has said the new $900 million (about 3.1 trilling Shilling) loan government plans to borrow from the International Monetary Fund -IMF will not cause a substantial increase of Uganda’s rising public debt. Responding to questions at Uganda Media …

Kampala, Uganda | THE INDEPENDENT |  The Washington based International Monetary Fund (IMF) has revealed Uganda government approached it for another loan and discussions are progressing well. The IMF spokesperson Gerry Rice yesterday revealed that Uganda requested for a three-year loan arrangement. The loan could be in the range of $900 …

Global leaders commit to mobilise US$2bn to accelerate climate change adaptation Kampala, Uganda | RONALD MUSOKE | As Africa struggles to emerge from shocks caused and accelerated by climate change amidst the COVID-19 pandemic, world leaders have committed to prioritise actions that will help the continent emerge stronger, healthier and …

Washington, USA |  XINHUA |  Cooperation between the United States and China, the world’s two largest economies, would be vital for a faster global recovery from the COVID-19 pandemic, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Thursday. “What we see today is the U.S. and …

What IMF figures on GPD growth in the world tell us about Uganda’s economic performance over time THE LAST WORD | ANDREW M. MWENDA | Recently I wrote to the International Monetary Fund (IMF) to find out how Uganda’s economy has been performing over the last five years compared to …

CSOs call for ‘special drawing rights’ to deal with COVID-19 crises Kampala, Uganda | JULIUS BUSINGE | Economic experts are calling for the implementation of all kinds of measures geared towards bringing back to life the world economy that has been severely hit by COVID-19 pandemic since last year when …

Domestic debt has gone up to 6.8 trillion Shillings which is more than 1 percent of Gross Domestic Product Kampala, Uganda | THE INDEPENDENT | The government has acknowledged that it has broken its own domestic debt ceiling, to a level which it calls ‘unhealthy domestic borrowing.’ The amount of debt that …

  Washington, US | XINHUA |  China’s economy is projected to expand by 7.9 percent in 2021 following 1.9 percent growth in 2020, as economic activity continues to normalize and domestic COVID-19 outbreaks remain under control, the International Monetary Fund (IMF) said Friday. “The Chinese economy continues its fast recovery …

After lockdown, Uganda, Ghana and Senegal show early recovery signs Kampala, Uganda | RONALD MUSOKE | Dozens of African countries will experience subdued economic recovery next year, according to predictions shared by experts at a recent roundtable organized by the Nairobi-based Africa Trade Insurance Agency. The annual roundtable event which …