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UDN WEEKLY NEWSLETTER 420th EDITION 2023

Uganda's approach to financing its development projects has predominantly relied on loans, with a significant share comprising concessional loans from multilateral lenders. Among these lenders, the World Bank has been a major contributor, accounting for 29% of the total, followed by the IMF (16%), AFDB (14%), and IDB (10%). However, a significant shift occurred when the World Bank announced its decision to halt future funding for Ugandan projects. In this week’s newsletter we reflect on the ramifications of this decision and how it will affect Uganda’s development