World Bank boosts National Development Plan

Published by
Daily Monitor

The government in partnership with the World Bank this past week launched the Public Investment Management (PIM) initiative, an approach aimed at managing government expenditures and public infrastructure. “The World Bank in Uganda is administering a multi-donor Trust Fund portfolio worth $34 million (Shs122.9 billion) to support the National Development Plan,” Ms R. Kariuki Mukami, the World Bank country manager, told journalists. Ms Kariuki said the plan is aimed at fostering improvements in economic governance, fiscal management and service delivery. She said this will be attained by addres…

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Uganda announces withdrawal of troops from east Congo

Published by Reuters KAMPALA (Reuters) -Uganda will pull troops from neighbouring Democratic Republic of Congo in two weeks, the military said on Tuesday, after a joint operation against Islamist insurgents since late last year. President Yoweri Museveni’s government sent hundreds of soldiers into east Congo in December to join the Congolese military in an assault […]