Economics
IMF Offers Bailout to Second African Nation in One Week
- Uganda to get $1 billion loan after IMF offered Congo bailout
- Loans have to be approved by IMF’s management and board
This article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
The International Monetary Fund staff agreed to provide a $1 billion facility to Uganda, the lender’s second bailout to an African nation in four days to help the continent’s economies mitigate the impact of the coronavirus pandemic.