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Donors pledge US $2.2 billion

The Paris club of donors yesterday pledged US $2.2 billion in budgetary and programme aid to Uganda over a three-year period. Quoting a World Bank statement, Reuters said the donors remained concerned over rising military spending, official corruption and poor financial discipline. But, “the overall judgement by donors was that the performance level of Uganda has been very good,” a senior World Bank official said. Uganda is aiming at GDP growth of 7.0 percent annually for the next three years. According to the latest Economist Intelligence Unit forecast, Uganda will fall short of its growth target but still lead the region.

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:

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