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

by Muhereza Kyamutetera
Tony Thompson, the World Bank Country Manager for Uganda says that the money will be used to enable the Government to provide vital services, social safety nets and a more robust shock-responsive system for the long term, and the economy to recover faster.
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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 and treat the coronavirus, protect the poor and vulnerable population, and support economic recovery.” According to a statement released by the World Bank in Washington, this Uganda COVID-19 Econ

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.