COVID-19 Sinks East Africa Into Further Debt

The biggest chunk of the loans, taken to fund the region's response to the Covid-19 pandemic and cushion the economies against disruptions caused by the virus, have reportedly come mainly from the International Monetary Fund, with Uganda accumulating over $500 million to its debt load, while Rwanda has borrowed $223.65 million.

Lorries parked at Namanga one stop border post.


AllAfrica publishes around 800 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.