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-World Bank offers USD100m to Uganda to support budget.

Global Banking News-October 4, 2010--World Bank offers USD100m to Uganda to support budget(C)2010 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 04 October 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

The World Bank has approved a USD100m loan to support Uganda's 2010-11 budget, according to a report by Dow Jones.

'The credit will supplement the government's own resources and funding from other budget support development partners. It aims to bolster Uganda's impressive economic performance and steady poverty reduction over the past decade' said the World Bank.

The World Bank has already committed USD1.2bn to finance various programmes and projects between 2009 and 2011, the report noted.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Telecomworldwire
Geographic Code:0BANK
Date:Oct 4, 2010
Words:135
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