Skip to content
Subscriber Only

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
IMF And World Bank Headquarters Ahead Of Virtual Spring Meetings
Photographer: Samuel Corum/Bloomberg
Updated on

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.