Posted inEconomics

IMF urges Uganda to reduce unnecessary spending amid growing debt

The International Monetary Fund (IMF) has urged government to cut down expenditure on public administration and other unnecessary expenses to stop economic decline occasioned by COVID-19. Ms Izabela Karpowicz, the IMF resident representative, says government strategy of borrowing to fund its large public expenditure is not sustainable. The IMF resident representative was speaking during a […]