The World Bank yesterday approved two credits totaling US$250 million to help Uganda fight the abject poverty that afflicts 35 percent of the country's population overall, and 66 percent of the population of Northern Uganda. Uganda will receive US$150 million for the Second Poverty Reduction Support Credit (PRSC2), which is second in a planned series of three World Bank PRSC operations, to support Uganda's medium-term development and reform program. Meanwhile, the US$100 million Northern Ugan...read more
The World Bank yesterday approved two credits totaling US$250 million to help Uganda fight the abject poverty that afflicts 35 percent of the country's population overall, and 66 percent of the population of Northern Uganda. Uganda will receive US$150 million for the Second Poverty Reduction Support Credit (PRSC2), which is second in a planned series of three World Bank PRSC operations, to support Uganda's medium-term development and reform program. Meanwhile, the US$100 million Northern Uganda Social Action Fund credit will specifically address service delivery problems in the North.