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Uganda joined the World Bank on September 27, 1963, along with the IBRD, IDA and IFC. It later joined the ICSID on October 14, 1966, and the MIGA on June 10, 1992. [1] Uganda also holds the chair for the 22 nation Africa Group 1 Constituency, headed by Anne Kabagambe. [2] Uganda holds 0.07% [3] of the vote in the IBRD while its constituency ...
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. [5] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA ...
The economy of Uganda has a great potential and appears poised for rapid growth and development. [17] Uganda is endowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits. Chronic political instability and erratic economic management since the implementation of self-rule has produced a ...
The World Bank will aim to ensure gay and transgender Ugandans are not discriminated against in its programmes before resuming new funding, which was halted in August over an anti-LGBTQ law, a ...
The World Bank had provided $5.4 billion in International Development Association financing to Uganda by the end of 2022, including many health and education projects that could be affected by the ...
World Bank Group. The World Bank Group ( WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. [7] The bank is headquartered in Washington, D.C., in the United States.
The World Bank's 2015 Worldwide Governance Indicators ranked Uganda in the worst 12 percentile of all countries. According to the United States Department of State 's 2012 Human Rights Report on Uganda, "The World Bank's most recent Worldwide Governance Indicators reflected corruption was a severe problem" and that "the country annually loses ...
The World Bank has regularly failed to live up to its own policies for protecting people harmed by projects it finances. The World Bank and its private-sector lending arm, the International Finance Corp., have financed governments and companies accused of human rights violations such as rape, murder and torture.
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