Bank of Uganda denies government broke law on loan repayment

Bank of Uganda, Kampala
Bank of Uganda, Kampala

The Bank of Uganda has publicly denied an opposition party’s claims that the government has broken the law by failing to repay a large loan.

In a September 20 statement, the central bank said it had advanced funds to the Ugandan government, and that this had been repaid. It said that what debts the government did owe the bank were for regular debt service.

Ugandan media cited a parliamentary statement by the opposition National Unity Platform, which claimed the government had borrowed 8

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