An IMF mission to Uganda has recommended the release of the second tranche of a US $20 million loan in August, news organisations said. IMF’s Resident Representative Zia Ebrahim Zadeh told a press conference the mission’s findings were very positive. “We are optimistic that the end of June benchmarks will be met and will go to IMF board and ask for approval for disbursement for Uganda,” the independent ‘Monitor’ newspaper quoted him as saying. “Mid-August will be the earliest that figures are available. We may need another mission to come back and look at the figures.” Some of the benchmarks include the speedy privatisation of Uganda Airlines, Uganda Telecom and an improvement in net domestic assets.
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