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Papoutsanis S A : ORDINARY GENERAL MEETING INVITATION -March 27, 2024 at 01:33 pm EDT

Where has Uganda s borrowed money gone?

Daily Monitor Wednesday April 28 2021 The loans have been invested in transmission lines, the Karuma and Isimba hydropower projects, oil roads, Kabaale International Airport, expansion of Entebbe International Airport and Irrigation schemes, among others, which government says has translated into economic growth. Summary The loans have been invested in transmission lines, the Karuma and Isimba hydropower projects, oil roads, Kabaale International Airport, expansion of Entebbe International Airport and Irrigation schemes, among others, which government says has translated into economic growth. Advertisement Twenty years after Uganda benefited from a $656 million (Shs2.3 trillion) debt relief in 2000, the government today finds itself in a deeper hole of debts, struggling to pay creditors in the midst of a pandemic, emerging spending pressures and contracted domestic revenues.

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