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Integrate school feeding programme into parish model, experts tell govt

Integrate school feeding programme into parish model, experts tell govt
monitor.co.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from monitor.co.ug Daily Mail and Mail on Sunday newspapers.

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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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Government fails to spend Shs17 trillion loans

A review of the loan disbursements revealed that several loans appeared to be performing poorly, with some nearing expiry ....

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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.
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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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Who lends money to Uganda?

Daily Monitor
Tuesday April 27 2021
Summary
Bilateral creditors categorised into Paris club and non-Paris club took up 6.8 per cent ($790 million) and 22.7 per cent ($2.65 billion) respectively, whereas commercial banks held a share of 7.6 per cent an equivalent of $890 million.
The biggest lenders include the International Development Association ($3.4b), China Exim bank ($2.6b) and African Development Bank ($1.4b) as of March 2020.
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After months of brushing off concerns about the growing national debt, Finance minister Matia Kasaija yesterday said government will seek to reschedule payments, on the day this newspaper revealed each Ugandan now owes Shs1.5 million.
In an interview with Reuters news agency, Mr Kasaija revealed that repayments of the debt, now at $17.96 billion (Shs66 trillion) if domestic debt is included, might have to be renegotiated with major creditors, including China and the World Bank. ....

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