Foreign Debt Grows
New Vision (Kampala)
May 3, 2005
By Isaac Kalembe
UGANDA owes international organisations sh15.3b subscription fees arrears that have accumulated over the years.
"Uganda has defaulted in its international obligation," finance committee chairperson Maj. (rtd) Bright Rwamirama (Isingiro North) said yesterday. Rwamirama, who was presenting the committee's sh45.150b proposed 2005/06 budget to the budget committee, said the default had dented Uganda's international credibility. "Some Ugandan delegates shy away from international fora because of the debt. The Government should allocate more resources to meet its international obligations and redeem its credibility," he said.
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