{"id":472511,"date":"2021-06-29T10:39:28","date_gmt":"2021-06-29T10:39:28","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=472511"},"modified":"2021-06-29T10:39:28","modified_gmt":"2021-06-29T10:39:28","slug":"uganda-imf-at-the-bedside-of-an-economy-severely-affected-by-the-pandemic","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/06\/29\/uganda-imf-at-the-bedside-of-an-economy-severely-affected-by-the-pandemic\/","title":{"rendered":"Uganda: IMF at the bedside of an economy &#8220;severely affected by the pandemic&#8221;"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The International Monetary Fund (IMF) has announced approval of a loan of approximately $ 1 billion to Uganda. Objective, support the post-Covid-19 recovery and increase household income for inclusive growth.<\/p>\n<p>According to the international organization, the Ugandan economy has been severely affected by the health crisis. The results obtained in ten years of struggle for poverty reduction have been canceled, indeed indicates the IMF, which also notes that the budgetary balances deteriorated, then the pressures on the external reserves intensified.<\/p>\n<p>However, notes the institution, a slight recovery is underway in some sectors, and economic growth is expected at 4.3% in fiscal year 21\/22. &#8220;The outlook remains very uncertain, with downside risks, in particular due to a resurgence of stricter containment measures linked to higher Covid-19 positivity rates&#8221;, adds the IMF which already had, in May 2020, approved emergency aid of $ 491.5 million for Uganda.<\/p>\n<p>When the preliminary agreement to obtain the new loan was announced on Tuesday, June 1, the Fund indicated that Uganda&#8217;s budget deficit had widened considerably, pushing public debt to nearly 50%. of GDP by June 2021 (compared to an estimate of 45% of GDP in 2020). And the country has made no secret of its intentions to enter into negotiations with its creditors to obtain the suspension of the service of its external debt.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund (IMF) has announced approval of a loan of approximately $ 1 billion to Uganda. Objective, support the post-Covid-19 recovery and increase household income for inclusive growth. According to the international organization, the Ugandan economy has been severely affected by the health crisis. The results obtained in ten years of struggle for<\/p>\n","protected":false},"author":536282,"featured_media":472512,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12040,12046],"tags":[15821,12100,18611,18138,14452],"class_list":["post-472511","post","type-post","status-publish","format-aside","has-post-thumbnail","category-international-institutions","category-leaders-en","tag-economy","tag-imf-en","tag-the-bedside","tag-the-pandemic","tag-uganda","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Uganda: IMF at the bedside of an economy &quot;severely affected by the pandemic&quot; - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2021\/06\/29\/uganda-imf-at-the-bedside-of-an-economy-severely-affected-by-the-pandemic\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-29T10:39:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2021\/06\/Yoweri-Museveni.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"393\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Albert Savana\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Albert Savana\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/29\\\/uganda-imf-at-the-bedside-of-an-economy-severely-affected-by-the-pandemic\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/29\\\/uganda-imf-at-the-bedside-of-an-economy-severely-affected-by-the-pandemic\\\/\"},\"author\":{\"name\":\"Albert Savana\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/12e2e10e56f65df0540cb842b7b0ce22\"},\"headline\":\"Uganda: IMF at the bedside of an economy &#8220;severely affected by the pandemic&#8221;\",\"datePublished\":\"2021-06-29T10:39:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/29\\\/uganda-imf-at-the-bedside-of-an-economy-severely-affected-by-the-pandemic\\\/\"},\"wordCount\":221,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/29\\\/uganda-imf-at-the-bedside-of-an-economy-severely-affected-by-the-pandemic\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/Yoweri-Museveni.jpg\",\"keywords\":[\"Economy\",\"IMF\",\"the bedside\",\"the pandemic\",\"Uganda\"],\"articleSection\":[\"International Institutions\",\"Leaders\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/29\\\/uganda-imf-at-the-bedside-of-an-economy-severely-affected-by-the-pandemic\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/29\\\/uganda-imf-at-the-bedside-of-an-economy-severely-affected-by-the-pandemic\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/29\\\/uganda-imf-at-the-bedside-of-an-economy-severely-affected-by-the-pandemic\\\/\",\"name\":\"Uganda: IMF at the bedside of an economy \\\"severely affected by the pandemic\\\" - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/29\\\/uganda-imf-at-the-bedside-of-an-economy-severely-affected-by-the-pandemic\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/29\\\/uganda-imf-at-the-bedside-of-an-economy-severely-affected-by-the-pandemic\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/Yoweri-Museveni.jpg\",\"datePublished\":\"2021-06-29T10:39:28+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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