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Uganda Gets Shs1.9 trillion Loan From IMF to Address COVID-19 Pandemic

The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of SDR361 million (about US$491.5 million or 100 percent of quota) for Uganda under the Rapid Credit Facility (RCF). It will help finance the health, social protection and macroeconomic stabilization measures, meet the urgent balance-of-payments and fiscal

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Ministry of Finance Mistakenly Sends shs2billion to Ugandan Embassy in China

While sending relief money to Ugandan students stranded in Wuhan, China, the epicentre of coronavirus outbreak, the Ministry of Finance mistakenly sent shs 2billion excess money through the embassy. The Ministry has thus written to the Ugandan Embassy in China return the excess money sent through a letter dated March 10,

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