IMF
IMF

Uganda would receive a three-year, $1 billion financing package under a staff-level agreement announced by the International Monetary Fund (IMF) on Tuesday.

“The authorities’ reform program aims at tackling the near-term impact of COVID-19 and helping Uganda’s recovery by safeguarding macroeconomic stability and generating more inclusive growth,” an IMF press release said.

The $1 billion in credit will support the next phase of the COVID-19 response while strengthening fundamentals needed for economic growth led by the private sector, the release said.

The staff-level agreement is subject to approval by IMF management and the Fund’s executive board, which is expected in the coming weeks, according to the release.

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

Previous articleWill Invest $220 Million in Solar Projects Across US – BP
Next articleUS Government Seeds US$50 Million in Venture Capital to Prepare for Next Pandemic

LEAVE A REPLY

Please enter your comment!
Please enter your name here