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Tag Archives: IMF

Virus could hamper Africa’s climate change response : IMF

Johannesburg, South Africa | AFP | The International Monetary Fund (IMF) on Thursday warned that coronavirus could further weaken sub-Saharan Africa’s ability to adapt to climate change, as measures to contain the pandemic stretch limited resources. A recent study on the impact of rising temperatures and extreme weather events on growth suggests sub-Saharan Africa — …

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Govt revises proposal to acquire loans for COVID-19

Kampala, Uganda | THE INDEPENDENT | Government has revised its proposal to borrow money to mitigate the effects of coronavirus by up to 1.3 trillion shillings. On April 2, the government presented a motion to borrow up to 1.7 trillion shillings to cushion the economy from the effects of COVID-19. …

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Uganda Development Bank to be placed under BoU watch

Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank -UDB will be placed under the watch of Bank of Uganda with the aim of strengthening it. UDB is 100 percent owned by the government and has been self-regulating, audited by the Auditor General and reporting to parliament to answer queries …

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