Uganda Odd Man Out as East African Countries Raise Expenditures

Comments 401 Views Kampala, Uganda

In short
The countries continue to rely heavily on borrowing although some, like Uganda, intend to reduce how much they borrowed this year. In total, the countries plan to borrow more than USD 18 billion, to fund the turnaround of the economies battered by COVID-19, as well as ongoing and new infrastructure projects, among other areas.

 

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