Tag Archives: IMF

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 …

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 …

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 …

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 …