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Subscriber OnlyMarketsEconomicsIMF Offers Bailout to Second African Nation in One WeekUganda to get $1 billion loan after IMF offered Congo bailoutLoans have to be approved by IMF’s management and boardPhotographer: Samuel Corum/BloombergByFred Ojambo+FollowJune 2, 2021, 5:58 AM UTCUpdated onJune 2, 2021, 1:22 PM UTCSign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterThe 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.
