Uganda allocated $168m in funds for long term farm loans
The fund, which has a duration of seven years, is being administered under the IFAD arrangement called the Project for Financial Inclusion in Rural Areas. In Uganda the project is being implemented by the ministry of Finance and it entered into force in November 2014.
In an interview with Daily Monitor at Speke Resort Munyonyo on Tuesday at the official opening the fourth Regional Conference on Implementation of Rural Agriculture Transformation, with the theme financial inclusion, IFAD regional director of Eastern and Southern Africa Division, Mr Sana F.K. Jatta, said IFAD has 45 ongoing projects in 22 countries in the region with the total portfolio of $1.7 billion.
"Out this amount Uganda has been allocated $168 million, in the category of a medium size country programme," he said.
source: allafrica.com
