World Bank on Covid Archives

World Bank Calls for Scrapping of OTT Tax

by URNFinanceJuly 11, 2020July 11, 2020

The World Bank has called for the scrapping of over-the-top tax-OTT. It argues that the move could boost access to coronavirus prevention messages for the vulnerable populations. This is the…

World Bank approves UGX1.1 trillion loan to Uganda for COVID-19 economic recovery

by Muhereza KyamuteteraThe Big StoryJuly 1, 2020July 1, 2020

The World Bank Board of Directors, yesterday, June 29th 2020 approved a $300 million (UGX1.1 trillion) budget support loan request by Uganda to boost the “Government’s capacity to prevent, detect…

Gov’t to borrow a record UGX5.7 trillion for Covid-19, roads, health and private sector

by Muhereza KyamuteteraThe Big StoryMay 21, 2020May 21, 2020

Government of Uganda is to borrow up to USD1.51 billion (UGX5.7 trillion) from various multilateral lenders, once Parliament approves the motions tabled before it. According to a parliament brief to…

Word Bank predicts the first Sub-Saharan Africa recession in 25 years over Covid-19

by Muhereza KyamuteteraThe Big StoryApril 10, 2020April 10, 2020

WASHINGTON, April 9, 2020—Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1%…