Cap External Borrowing, Parliament’s Committee on National Economy advises government

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Parliament’s Committee on National Economy proposed in a report to cap the minimum amount for external borrowing to under US$20 million to minimise costs related to contracting loans and maximising the benefits. The report was presented by the committee vice chairperson, Robert Migadde, during a plenary sitting held on Tuesday, 23 August 2022. “The committee further recommends that gover