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Uganda Should Borrow Less, Says President

File photo. Uganda's President Yoweri Museveni on November 9, 2019. Sumy Sadurni / AFP

President Yoweri Museveni wants to stop borrowing and would rather finance his government through increased trade and domestic economic activity, according to comments he made this week in an interview with Reuters.

“Uganda can do much better without borrowing in my opinion. Especially borrowing for…budget support, balance of payments support,” Museveni said.

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