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World Bank Statement on Withholding New Lending to Uganda (13.09.2016)

 

Ugandabills

UGANDA, September 13, 2016The World Bank Group took a decision to withhold new lending to Uganda effective August 22, 2016 while reviewing the country’s portfolio in consultation with the Government of Uganda.  We continue to actively work with the Ugandan authorities to address the outstanding performance issues in the portfolio, including delays in project effectiveness, weaknesses in safeguards monitoring and enforcement, and low disbursement.

We reiterate our commitment to doing everything possible to work closely with the Government of Uganda, as well as with other stakeholders, to support the country’s development and ensure that all World Bank-supported projects deliver tangible and long-lasting results to all Ugandans, especially the poor and vulnerable.

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One thought on “World Bank Statement on Withholding New Lending to Uganda (13.09.2016)

  1. Pingback: All of a Sudden President Museveni wants to cater to the World Bank? I thought he didn’t’ want Foreign Interference in his Uganda! | MinBane

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