Uganda to hold off from external borrowing next financial year
Published on: Tuesday 21 February 2023
KAMPALA, Feb 22 (Reuters) - The Ugandan government will not engage in any external borrowing in the financial year that starts in July to ease debt-servicing pressures, the finance ministry said. The East African country has been borrowing large amounts to finance energy, transportation and other infrastructure projects, banking on expected oil revenue to clear the debt. There has been growing
News source: https://www.msn.com/en-us/news/world/uganda-to-hold-off-from-external-borrowing-next-financial-year/ar-AA17OAgG
