Rukutana clarifies on Bidco deal
By Mary Karugaba
THE state minister for finance, Mwesigwa Rukutana, has clarified that the Government was not forced to sign the Bidco palm oil project by the International Fund for Agriculture Development(IFAD).
�The Government was never forced to sign the Bidco deal. IFAD was in fact patient with us� Mwesigwa said.
Speaking in his office yesterday, he added, �IFAD did not push us around. As government we realised we would miss the loan if we did not act fast, since it had been renewed twice.�
The media quoted Rukutana as telling Parliament that the Government was forced to sign the agreement in order to get the $20m IFAD loan for vegetable oil development.
Published on: Friday, 23rd April, 2004
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