Banks Disbursed Loans Worth UGX 2.2 Trillion Between July and September 2020

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A report by the Ministry of Finance, Planning and Economic Development indicates that banks gave out loans worth UGX2.65 Trillion to the private sector in the first quarter of the financial year 2020/2021.The Pre-Election Economic and Fiscal Update issued by Moses Kaggwa, the Acting Director Economic Affairs says that the approved and disbursed loans led to a cumulative stock of UGX17.221 Trillion