Uganda’s public debt hit 50% GDP amid huge infrastructural projects and growing volatilities in the global market

According to the Deputy Governor Bank of Uganda, Uganda’s public debt has risen to Shs 80 trillion, which is 50% of the Gross Domestic Product (GDP). The East-African nation’s debt has been under sharp focus recently, with international lenders and rating firms like IMF, World Bank, Moody’s and S&P downgrading its creditworthiness. The World Bank and IMF have warned countries […]

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