Museveni’s latest politicking joke or a realistic national target? When President Yoweri Museveni takes the oath of president for the sixth time on May 12 at Kololo Ceremonial Grounds in Kampala, it appears he will have one goal clearly on his mind: delivering Uganda to the middle income bracket by …
Read More »IMF hails Uganda on infrastructure development, inflation
The International Monetary Fund (IMF) has hailed Uganda on infrastructure development as well as efforts to contain inflation amidst challenges of high exchange rates and fluctuating prices. In its latest report “Recent development’s and prospects, Uganda’s Economic Buffers”, the IMF says Uganda is relatively high on growth, low on inflation, …
Read More »Mozambique explains $1.4 bn hidden debt
Maputo, Mozambique | AFP | Mozambique on Tuesday said most of $1.4 billion in previously hidden loans had been used to fund maritime security and shipyards, a week after the IMF suspended the country over the undisclosed sum. The Washington-based International Monetary Fund last Wednesday called off a staff mission …
Read More »The IMF’s next test
By Gita Gopinath Is it prepared to provide “forward guidance” on how it will tackle potential disruptions in financial markets? This October, central bankers, policymakers, private-sector executives, academics, and representatives of civil-society organisations will convene in Washington, DC, for the annual joint meeting of the International Monetary Fund and the …
Read More »World Bank, IMF to release report on MDGs
By Julius Businge The World Bank in partnership with the Economic Policy Research Centre (EPRC) will on May 3 give an update on the world’s progress towards achieving the Millennium Development Goals (MDGs). The event will be held at Makerere University. The report, titled Global Monitoring Report (GMR) is jointly …
Read More »Competition needed in the banking sector –IMF
By Julius Businge The International Monetary Fund Senior Resident Representative in Uganda, Ana Lucia Coronel has said that there is a need for banks to put up stiff competition in the sector, if customers are to benefit. “There is competition but it is not strong enough to influence business decisions,” …
Read More »Post-election economic woes
By rukiya makuma & joan akello IMF, donors withhold support for Uganda Rachel Kimono could not hide her excitement on the eve of the Feb. 18 general election. She was waiting for money promised by mobilisers for the ruling NRM party in her Nakaloke village in Mbale district to potential …
Read More »Gloomy IMF predictions loom over World Economic Forum
By Independent Team & Agencies Suruma prays to God as Davos delegates tackle worst slump Global economic growth in 2009 is expected to fall to 0.5% when measured in terms of purchasing power parity and to turn negative when measured in terms of market exchange rates. That verdict is contained …
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