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Debt relief discussion postponed

    NAIROBI

    The Paris Club of creditor nations on Tuesday took off its agenda a scheduled discussion on debt relief for Uganda, the World Bank’s resident economist in Uganda, Robert Blake, told IRIN on Thursday. The Club, which was holding its monthly meeting in Paris, was due to consider the implementation of a debt relief programme for Uganda, agreed in May. “I cannot confirm the that the recent clashes [between the Ugandan and Rwandan armies] in Kisangani were the reason for the postponement,” he said. Uganda owes Paris Club creditors $278 million, about nine per cent of its $3.2 billion debt, which is mostly owed to multilateral institutions, the semi-official ‘New Vision’ newspaper reported on Wednesday.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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