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Browsing: Extended Credit Facility
- The IMF has issued Uganda $120 million as part of its Extended Credit Facility (ECF) Arrangement to aid recovery.
- Total disbursement to Uganda under the ECF Arrangement now reaches $870 million.
- IMF urges Uganda to give its Central Bank independence
Kampala is set to receive $120 million as part of its Extended Credit Facility (ECF) Arrangement with the International Monetary Fund (IMF) to aid Uganda’s economic recovery amidst various challenges, including backlash due to a harsh anti-LGBTQ law.
The IMF executive board has approved immediate disbursement of the said amount after the conclusion of its fifth review of Uganda’s ECF Arrangement. “This brings the aggregate disbursement under the ECF Arrangement to about $870 million,” the IMF note says in part.
Uganda qualified for about $1 billion under the ECF Arrangement as of June 2021, which is now distributed in part every other year.
