Uganda’s representative to the United Nations, Adonia Ayebare, criticized the World Bank decision as “draconian” in a post on X, the social media network previously known as Twitter. He called for urgent reforms at the bank.towards a member state. The values referred to in taking this draconian decision against Uganda are not universal, they are contested. This makes the case for reform of work methods including the board more urgent and pertinent.…The International Finance Corp.
The Multilateral Investment Guarantee Agency, a World Bank Group member, had a gross exposure of $463.8 million at the end of last year. Recently approved IDA funding includes $566 million for an urban development programme, $354.7 million for a climate and farming project, and $217 million to support women enterprises.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month.