Thursday, May 27, 2010

IDA to commit an estimated US$1.97 billion to support development projects and programs in Uganda.

The Parliament of Uganda should play an active role in ensuring that the thieves who are at large are not given opportunity tosteal money meant to benefit Ugandans. This they must do because the law empowers them to perform the duty to ensure borrowed monies are put to good use.
William Kituuka

The World Bank Board of Executive Directors on May 25,2010 discussed a new Country Assistance Strategy (CAS) that will support Uganda’s National Development Plan (NDP) to help transform the economy.
The 5-year CAS covering the financial years (FYs) 2011-2015 succeeds the Uganda Joint Assistance Strategy (UJAS). Hinged on four pillars, the new CAS will support Government efforts to promote inclusive and sustainable economic growth; enhance public infrastructure; strengthen human capital development; and improve good governance and value for money.
It is estimated that during the CAS period, the International Development Association (IDA) –the arm of the Bank that lends to the poorest countries – will commit an estimated US$1.97 billion to support development projects and programs in Uganda.

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