Wednesday , April 14 2021
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Tag Archives: IDA

World Bank’s funding to Uganda increases to UGX 7 Trillion

Kampala, Uganda | THE INDEPENDENT | Uganda will get at least 7 trillion shillings from the World Bank for the period between 2021 and 2023, officials have said. The money is part of new funding round that the bank has put aside for the developing countries under the International Development Assistance …

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World Bank provides $150m for refugees and host communities

  Kampala, Uganda | THE INDEPENDENT | The World Bank’s Board of Executive Directors approved a grant of $150 million in additional financing from the International Development Association (IDA) to boost an ongoing project to improve access to basic social services, expand economic opportunities, and enhance environmental management targeting both …

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World Bank fund for poorest countries issues $1.5 bn bond

Washington, United States | AFP | The World Bank fund dedicated to helping the world’s poorest countries on Tuesday announced it has raised $1.5 billion in its first-ever global bond issue, which enjoyed huge demand from investors. The International Development Association (IDA) issued a five-year AAA-rated bond which had nearly …

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World Bank boss visits Rwanda

US$57 billion financing for sub-Saharan Africa promises to boost business Doing business in Rwanda is expected to improve with the visit of World Bank’s President Jim Yong Kim. Kim arrived in Kigali on March 21 for a two-day visit and held discussions with President Paul Kagame and the private sector …

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