Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker, Thomas Tayebwa has urged Members of Parliament to remain calm as the government continues to engage the World Bank on funding of new projects. The World Bank Group issued a statement on 08 August 2023 suspending new public financing to Uganda …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has assured the banking and financial industry that it will ensure its stability and the sustainability of the microeconomics of the country amidst the withdrawal of the World Bank from new loan deals. The World Bank decision communicated last week …
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Kampala, Uganda | THE INDEPENDENT | Civil society groups in Uganda have warned on the likely effects of the World Bank move to suspend new loans to Uganda, saying it is time to be more frugal and reprioritize public expenditure. The Bank is the largest single lender to Uganda accounting for …
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Activists say it is a counterproductive move Kampala, Uganda | RONALD MUSOKE | In a surprising twist, some members of the gay community in Uganda have told The Independent they are not pleased by the recent decision of the World Bank to cut funding to new projects in Uganda because of …
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Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance, Hon. Henry Musasizi, has said government is engaging the World Bank on its decision to cut financing of projects in Uganda. “We are negotiating with the World Bank but should we fail to agree, then we shall make some decisions …
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Kampala, Uganda | THE INDEPENDENT | There is concern that the suspension by the World Bank of new loans to Uganda could influence other development finance institutions to take similar actions. If that happens, the country could be forced to take drastic measures and options to avoid the possible impact. …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has explained that Uganda’s anti-homosexuality law does not target anyone for being a homosexual, but makes it illegal to recruit or coerce others. This he argued, makes the World Bank’s decision to cut loans to Uganda over the issue, illogical. He …
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Washington, US | THE INDEPENDENT | The World Bank has suspended all future funding for projects in Uganda, citing human rights violations after the enactment of an anti-homosexuality law. In a statement released Tuesday, the World Bank Group said no new public financing to Uganda will be presented to its Board …
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Many people will support transforming a lethargic institution into a force for a sustainable future COMMENT | BERTRAND BADRE & PETER BLAIR HENRY | Ajay Banga, the newly appointed President of the World Bank, is taking the helm at a pivotal moment. The devastating effects of the COVID-19 pandemic have impeded …
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Per capita income increased to about US$930 for FY21/22, edging closer to the lower-middle-income threshold Kampala, Uganda | JULIUS BUSINGE | Uganda’s economic activity is accelerating despite commodity-price inflation, global monetary tightening, international supply-chain bottlenecks, and a local Ebola outbreak, according to the World Bank’s 21st Edition of the Uganda Economic …
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