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Uganda’s Contingent Liabilities Up To Shs278bn As Gov’t Loan Guarantees Skyrocket

The value of Uganda’s contingent liabilities has increased to USD75.076 million (about Shs278.5bn) as at December 2019 due to the sovereign guarantees government provided to Uganda Development Bank Ltd (UDBL) to enable the entity access financing from India and African Development Bank,  a February 2020 report by Parliament’s National Economy

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