World Bank
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Financial
Priotise domestic arrears in new financial year, CSBAG urges govt
KAMPALA – Civil Society Budget Advocacy Group [ CSBAB ] has urged government to address domestic arrears in the new financial year which begins on July 1, 2023. Patrick Rubangakene, CSBAG’s economist…
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Africa
World Bank president nominee, Ajay Banga, pledges to partner with AfDB for transformative results
ABIDJANI-US nominee for World Bank Group President, Ajay Banga began his global tour on Monday, with his first stop in Abidjan, Cote d’Ivoire where he met the African Development Bank [AfDB] President…
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Cooperatives & Communities
Nwoya farmers shun ACDP stores
NWOYA– Four multi-million farmers’ storage facilities in Purongo, Anaka, Alero, and Kochgoma sub-counties in Nwoya district are underutilised as farmers keep their produce in homes, theCooperator has learnt. The storage facilities were…
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International
Sharp, long-lasting slowdown to hit developing countries hard, says World Bank
WASHINGTON – Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the latest Global Economic…
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News
Minister Nabakooba cautions Oyam against land fragmentation
OYAM- The Minister of Lands, Housing and Urban Development, Judith Nabakooba has advised the people of Oyam district against land fragmentation, saying it affects large-scale agricultural production. Handing over 2000 certificates of…
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International
Debt-service payments put biggest squeeze on poor countries since 2000-World Bank
KAMPALA-The poorest countries eligible to borrow from the World Bank’s International Development Association [IDA] now spend over a tenth of their export revenues to service their long-term public and publicly guaranteed external…
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Cooperatives & Communities
Lira cooperative receives over Shs 900mln for capacity building
LIRA – Itek Okile Rice Growers’ Multipurpose Cooperative Society [IORGMCS] in Itek Sub-county, Lira district has received Shs 912 million from the United States African Development Foundation [USADF] to build the capacity…
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Energy & Mining
WBG announces major initiative to electrify Sub-Saharan Africa
WASHINGTON-The World Bank Group [WBG] has announced an innovative initiative to accelerate the pace of electrification in Sub-Saharan Africa to achieve universal access by 2030. The World Bank, the Multilateral Investment Guarantee…
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Health
Relief as Shs 19bln is provided to give Masindi hospital facelift
MASINDI– Masindi district has received Shs 19 billion as part of the total cost planned for the reconstruction of Masindi hospital most of whose structures are currently in a dilapidated state. At…
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International
Prevent rather than fight next pandemic with one health approach: World Bank
WASHINGTON – As the world continues to deal with the devastating effects of COVID-19, the World Bank has today released a new report that proposes a new approach of actionable solutions to…
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