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Time to Pay: BoU Demands Action on Mounting Debt Costs » Business Focus
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Time to Pay: BoU Demands Action on Mounting Debt Costs » Business Focus
BoU Governor, Michael Atingi-Ego The Bank of Uganda has urged swift measures to reduce the amount of money it is spending on debt servicing. Central Bank Governor Michael Atingi-Ego expressed concern about the amount of money that the government is spending on debt servicing. He warned that it has an impact on allocations to other areas like social services and salaries. He says that on the level of debt, there is not much threat to sustainabili…
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