International Monetary Fund Archives

Uganda is not short of demand for credit, the challenge is supply

by CEO ReporterFinance Industry & Analysis News & Analysis Thought LeadershipApril 6, 2022April 6, 2022

By Martin Mugisha In to the Monetary Policy Report February 2022, the Bank of Uganda said that Private Sector Credit (PSC) growth lost momentum in the quarter to December 2021,…

Doris Akol Appointed Technical Assistance Advisor at the International Monetary Fund

by CEO ReporterWomen Fixing Uganda Women In LeadershipDecember 21, 2021December 21, 2021

Former Uganda Revenue Authority (URA) Commissioner General Doris Akol has been appointed Technical Assistance Advisor at the International Monetary Fund. In a congratulatory message, former Kampala Capital City Authority executive…

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

by CEO ReporterThe Big StoryJune 29, 2021June 29, 2021

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…

Parliament Approved Loans Worth UGX 18.6 Trillion in 2020, report says

by URNFinanceJanuary 5, 2021January 5, 2021

Last year Parliament approved loans to the tune of UGX18.69 trillion, according to the report detailing the business transacted by the House in the year 2020. The approved loans are…

IMF Wants COVID-19 Debt Relief Initiative Extended

by URNFinanceDecember 17, 2020December 17, 2020

The International Monetary Fund, IMF, is proposing that the multi-lateral lenders extend the Debt Service Suspension Initiative to the end of 2021 because most of the countries burdened will not…

Uganda Receives UGX117bn COVID-19 Loan from African Development Fund

by URNFinanceJuly 27, 2020

Uganda has received a US$ 31.6m (UGX116.7 billion) loan from the African Development Fund (ADF) to help in the response to the Coronavirus (COVID-19) pandemic. In a statement sent out…

IMF Advises Countries to Change Tax Systems amid COVID-19 Uncertainty

by URNFinanceJuly 13, 2020July 13, 2020

In the wake of the unprecedented COVID-19 crisis, tax systems should be reformed, and tax avoidance and evasion reduced, to ensure an economic recovery in which everyone pays their share,…

COVID-19: IMF approves UGX1.9 trillion loan to Uganda

by Muhereza KyamuteteraThe Big StoryMay 7, 2020May 7, 2020

The Executive Board of the International Monetary Fund (IMF) on Wednesday, May 6th approved a disbursement of USD491.5 million (UGX1.87 trillion) under the Rapid Credit Facility (RCF) to help deal with the effects of Covid-19. According to an IMF media release, the money is to “finance the health, social protection and macroeconomic stabilization measures, meet the urgent balance-of-payments and fiscal needs…