Uganda's Central Bank Commits to Stable Financial Flows...
International News
August 17, 2023
In the face of recent challenges, Uganda's Central Bank reaffirms its commitment to ensuring steady financial flows and stability of the Ugandan shilling. This assurance comes in the aftermath of the World Bank's decision to suspend future lending due to a controversial law affecting LGBTQ+ individuals. Despite these developments, the Central Bank has taken steps to address economic conditions by reducing the policy rate for the first time in over two years.