|
|
Uganda: World Bank Loans At $1.2b
 |
 |
|||||||||
|
||||||||||
|
|
|||||||||
|
||||||||||
New Vision (Kampala)
6 May 2008
Posted to the web 7 May 2008
Mary Karugaba
Kampala
THE World Bank loan portfolio to Uganda reached $1.2b as of March. Mary Muduuli, the bank operations officer, only $669m of the loan had been disbursed.
"We are about to end the phase of funding and the balance is still with the bank. Fortunately, these loans do not attract interests since they are concessional loans, with a long-term repayment period," she said.
Muduuli was presenting a paper on the bank's loan portfolio at a sensitisation workshop for legislators at the Kampala Serena Hotel.
Most of the loan requests expire in 2011. Five project loans expire in 2008, while seven run out in 2009, Muduuli said. She said 40% of the lending was used to finance energy projects such as the Bujagali hydropower, energy for rural transformation and sustainable management for mineral resources.
The bank also financed agriculture, infrastructure, public sector, social protection, and the private sector.
The bank plans to lend the Government $100m for road development programme during the 2008/9 financial year.
|
Another $100m will be lent to support secondary education, $100m for Northern Uganda Social Action Fund, $50m for energy for rural transformation and $10m for the second phase of the Lake Victoria environment management scheme.
is this the world bank
| |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Copyright © 2008 New Vision. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections -- or for permission to republish or make other authorized use of this material, click here. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Make allAfrica.com your home page | RSS Feed | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Top | Site Guide | Who We Are | Advertising | Search | Subscribe | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Questions or Comments? Contact us. Read our Privacy Statement. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
