ACCELERATING ECONOMIC RECOVERY: UDB approves UGX402B, disburses UGX 257B and on track to deploy targeted UGX612B in 2022 As it provides its partial Year-to-Date performance, the Uganda Development Bank Ltd (UDB) reiterates its full commitment to supporting the country’s economic recovery and are indeed a testament that Uganda’s economy is on track to full recovery. In the period January – May 2022, UDB has improved its capacity to deliver financing quickly and efficiently. Approval periods for loan requests continued to improve and the Bank implemented landmark services including; Special Programs, a dedicated lending service for Small, Medium Scale and growing enterprises, and Business Advisory Services, to assist applicants to be credit-ready as well as improve the sustainability of their businesses. Together with other facilities such as the Tourism Facility being implemented in conjunction with the European Union, the Year-to-Date figures indicate growth across the Bank’s portfolio but also provide positive outlook for the government policy of import substitution, manufacturing for export, and added emphasis on agro processing.