Least Developed Countries (LDCs) are struggling to find money to fund key interventions, including coronavirus vaccine purchases as their debt levels reach unprecedented levels. Dr. Sarah Ssewanyana, the Economic Policy Research Centre (EPRC) Executive Director, told a United Nations virtual meeting on preparation for the fifth Least Developed…
Due to high borrowing costs—especially domestically—Uganda’s debt burden may reach unsustainable levels in the medium term, unless government slows down on accumulation of new debt. Since the start of implementing infrastructure projects within the National Development Plan in 2010, Uganda’s appetite for debt has increased tremendously. During the…
Due to the civil servant strikes of 2017, the Government of Uganda intends to borrow UGX 700 billion to meet demands by civil servants. If the borrowing is realised, Uganda’s public debt will increase further. Public Debt has always been very sensitive, owing to the complexities surrounding debt…