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IMF Approves UGX3.5 Trillion Extended Credit Facility for Uganda to Support Covid-19 Recovery

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Tao Zhang, Deputy Managing Director and Acting Chair says Prudent debt management is important to reduce vulnerabilities, particularly given Uganda’s moderate risk of debt distress. Courtesy photo

The Executive Board of the International Monetary Fund (IMF) has approved a 36-month arrangement under the Extended Credit Facility (ECF) for Uganda. The SDR722 million (200 percent of quota or…

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