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Tag Archives: poverty

India tops world remittance payments, Uganda at $1.3 billion

Remittance payments hit record in 2017: World Bank Washington, United States | AFP |  Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. Uganda’s remittance inflows improved from $1.1 billion  …

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World Bank shareholders approve $13 bln capital increase

Washington, United States | AFP | World Bank shareholders approved a “historic” increase in the bank’s lending capacity Saturday after the United States backed a reform package that curbs loans and charges more for higher income countries like China. World Bank President Jim Yong Kim said neither China nor any …

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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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COMMENT: Poverty on the rise

Uganda had more poor people in 2017 than in 1991 indicating a rise in income and food poverty COMMENT | ENOCK NYOREKWA TWINOBURYO | On Feb.19, the Uganda Bureau of Statistics (UBOS) issued a second and revised version of the Uganda National Household Survey (UNHS) 2016/17. The major revision from the first …

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Districts with Elderly Grants see reduced poverty levels

Districts with Elderly grants see reduced poverty levels Kampala, Uganda | THE INDEPENDENT | Districts that received grants from the Ministry of Gender, Labour and Social Development have seen a drop in poverty levels, according to a recent analysis by Uganda Bureau of Statistics (UBOS). While poverty levels in districts have …

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Global unemployment down but working poverty rampant: UN

Geneva, Switzerland | AFP | The global unemployment rate is expected to tick down in 2018, the United Nations said Monday, while warning that far too many workers still live in desperate poverty. The International Labour Organization forecast a worldwide unemployment rate of 5.5 percent this year, a marginal improvement on …

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