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Ministry of Finance Suggests borrowing Euro162,445,694.1 from China Bank

Ssemaganda Moses Hope
By Ssemaganda Moses Hope


Ministry of Finance Suggests borrowing Euro162,445,694.1 from China Bank
Ministry of Finance Suggests borrowing Euro162,445,694.1 from China Bank

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The Minister of State for Finance, Henry Musasizi has tabled an addendum to the proposal to borrow Euro162,445,694.1

 

 (Shs617,464,205,559) from the Export-Import Bank of China to finance the development of power supply to industrial parks and power transmission line extension.

 

 

 

Deputy Speaker @Thomas_Tayebwa  referred the loan proposal to the Committee of National Economy for scrutiny in consultation with the Committee on Natural Resources and Environment, before a final decision on the request is taken by Parliament.

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