By Spy Uganda
Ugandan officials say they are confident the World Bank will reverse a decision to halt new loans that was imposed after the East African nation enacted controversial anti-gay legislation, which the lender said contradicts its core values.
Ministry of Finance Deputy Secretary Patrick Ocailap is quoted by reports as saying that negotiations with the World Bank are “progressing very well” and Kampala expects the decision will be rescinded by the time the government concludes budgeting for the next financial year in February.
The World Bank halted new financing to Uganda in August over the controversial Anti-Homosexuality Act signed into law in May, which prescribes the death penalty for certain same-sex acts described as “aggrevated homosexuality”.
Uganda’s Finance Ministry said in preliminary estimates earlier in September that international budget support could plunge 99% in the fiscal year starting on July 1, 2024.
“By the time we conclude the budget for the next financial year it will be over, and we shall be back on track for normal operations,” Ocailap said, adding that talks commenced a week after the Washington-based lender’s August 8 decision.
The World Bank is Uganda’s biggest lender, accounting for roughly 55% of its multilateral external debt stock.
Cumulatively, its loan pipeline to Uganda over the 2024-2025 financial year stands at $1.7bn, a major chunk of the $5.4bn in loans and grants the bank had earmarked for disbursement to the country.
The decision by the World Bank to stop new loans is already having negative impacts on the local currency, which slumped by almost 4% against the dollar.
(which means you pay monthly). you will since you’ll soon
Great post. I was checking continuously this blog and I am impressed! Extremely useful info specially the last part 🙂 I care for such info much. I was looking for this particular info for a long time. Thank you and best of luck.
Thank you for sharing your thoughts. I truly appreciate your effortsand I am waiting for your next write ups thank you once again.
I truly appreciate this article post. Will read on…
Thank you, I have just been looking for information approximately this subject for a long time and yours is the best I’ve discovered so far. But, what about the bottom line? Are you sure concerning the source?
Enjoyed every bit of your blog post.Thanks Again. Keep writing.
I was so amazed by your blog. Thank anyone so much.
Great, thanks for sharing this post. Great.
Thanks again for the article post.Really looking forward to read more. Fantastic.Loading…
The Birch of the Shadow I believe there may be a couple of duplicates, but an exceedingly useful listing! I have tweeted this. Many thanks for sharing!
I love it when individuals come together and share opinions. Great blog, keep it up!
Thẳng Bóng Đá Việt Nam Vs Lebanon. Xem Truc Tiep Bong Da. Futsal Việt Nambxh phapNếu cứ đùa như cơ hội vừa tiêu diệt Everton tới 3-1 trên Sảnh khách hàng
I do accept as true with all the ideas you’ve introduced on your post.They are very convincing and can certainly work.Nonetheless, the posts are very short for novices.Could you please extend them a bit from subsequent time?Thank you for the post.
Exceptional post however , I was wanting to know if you couldwrite a litte more on this subject? I’d be very grateful if you could elaborate a little bit further.Many thanks!Review my blog :: seed sprouts
Las 7 mejores opciones de formas de youtube en 2021 Best have Free
I blog frequently and I seriously appreciate your content. This great article has truly peaked my interest. I will book mark your blog and keep checking for new information about once per week. I subscribed to your RSS feed too.
It’s going to be finish of mine day, however before finish I am reading this impressive article to increase my know-how.
What’s up, the whole thing is going well here and ofcourse every one is sharing information,that’s in fact fine, keep up writing.
no reason why you shouldn’t tik tok free real followers
Appreciate you sharing, great blog post.Thanks Again. Really Great.
I really enjoy the blog.Thanks Again. Keep writing.
Wow, great blog post.Much thanks again.
自體脂肪隆乳技術逐漸成熟，施打技術及設備均有所提升，並輔助脂肪存活技術，術後三到六個月存活下來的脂肪，表示已有新生血管輸送血液供給其養分，算是自己本身的脂肪了。
Very informative article.Really looking forward to read more. Really Cool…
I do consider all the ideas you’ve presented for your post.They are very convincing and will definitely work. Nonetheless, the postsare very quick for beginners. Could you please lengthen them alittle from next time? Thanks for the post.
Thank you ever so for you article post.Really looking forward to read more. Fantastic.
Wow, great blog.Thanks Again. Cool.
Thanks a lot for the post. Much obliged.
When I originally commented I clicked the „Notify me when new comments are added” checkbox and now each time a comment is addedI get three e-mails with the same comment. Is there anyway you can remove me from that service? Many thanks!
I really like and appreciate your blog article.Much thanks again. Keep writing.
Say, you got a nice article post.Really thank you! Keep writing.
Thanks again for the blog.Really thank you! Awesome.
I really like and appreciate your article.Much thanks again. Keep writing.
Great post.Really thank you! Really Cool.
I value the article post.Really thank you!
Really informative blog article. Great.
Aw, this was a really good post. Taking the time and actual effort to produce a top notch article… but what can I say… I put things off a whole lot and never manage to get nearly anything done.
I like the helpful info you provide in your articles.I’ll bookmark your blog and check again here regularly.I’m quite sure I’ll learn many new stuff right here!Good luck for the next!
When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is addedI get three emails with the same comment. Is there any way you can remove people from that service?Thanks!
of writing? I have a presentation subsequent week,
Hi! I could have sworn I’ve been to this blog before but after checking through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be bookmarking and checking back frequently!
It’s hard to come by well-informed people in this particularsubject, however, you seem like you know what you’re talking about!Thanks
When some one searches for his essential thing, thus he/she desires to be available that in detail, thus that thing is maintained overhere.
Heya i am for the first time here. I found this board and I find It really useful &it helped me out a lot. I’m hoping to give somethingback and help others such as you aided me.
Thanks in favor of sharing such a fastidious thought, post is good, thats why ihave read it completely
When someone writes an post he/she keeps the thought of a user in his/hermind that how a user can understand it. Thus that’s why thispiece of writing is outstdanding. Thanks!