Uganda gets development loan from World Bank

4 October 2010

Uganda will have its national budget augmented by $100 million (£63 million) from the World Bank to improve programmes in the country.

Sector reforms will be directed at wealth, education, water, sanitation and transport through the Poverty Reduction Support Credit scheme.

It will be the first of the three operations to support Uganda's national development plan.

Kundhavi Kadiresan, World Bank country manager for Uganda, noted the amount given actually represents a reduction on the previous years' amounts.

"[It] is indicative of the slow progress towards the establishment of a performance management system in public service and an improved public procurement law that befits international best practice," he added.

Since 1963, Uganda has benefited from nearly $6.5 billion in loans from the World Bank, with a further $1.2 billion promised to the country between 2009 and 2011.

Amy LoPresti, co-founder of Africa Water is Life, recently told Media Global sanitation is a key way of reducing poverty in the continent.
 

Category: General