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Uganda sliding back to debt relief seeking levels - report

More pupils to study hungry - Report

Experts ask govt to use IMF cash for Covid-19

Experts ask govt to use IMF cash for Covid-19
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Uganda has requested for another Shs 3 trillion loan

 Though Rice confirmed the three-year arrangement, he did not give a specific amount Uganda requested.  “The exact final amount will depend on Uganda s estimated balance of payments needs and the strength of policies the authorities commit to implement. And, of course, as is always the case, the ultimate approval of the arrangement rests with our executive board,” Rice said.     Uganda last year borrowed $491.5 million roughly Shs 1.7 trillion under the Rapid Credit Facility, a program that provides access to rapid and concessional financial assistance to low-income countries facing urgent balance of payments needs.  Ministry of Finance spokesperson Jim Mugunga declined to respond to any question, arguing that questions should be directed to the IMF. 

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