IMF Gives Uganda UGX 3.5 Trillion Loan

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IMF headquarters in Washington

IMF headquarters in Washington

In short
This is the second loan that Uganda is taking from the IMF since the outbreak of the Covid-19 pandemic. Uganda last year borrowed USD 491.5 million roughly 1.7 trillion Shilling under the Rapid Credit Facility, a programme that provides access to rapid and concessional financial assistance to Low-Income Countries facing urgent balance of payments needs.


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