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MPs query sh50b African Development Fund loan

By Vision Reporter

Added 8th April 2005 03:00 AM

MPs on the parliamentary economy committee have queried the government’s proposal to acquire a $31.15m (over sh50b) loan from the African Development Fund for a farm income enhancement and forest conservation project.

By Irene Nabusoba and Halima Shaban

MPs on the parliamentary economy committee have queried the government’s proposal to acquire a $31.15m (over sh50b) loan from the African Development Fund for a farm income enhancement and forest conservation project.

The committee, chaired, by Nathan Mafabi (Budadiri West), was yesterday meeting state ministers for finance, Mwesigwa Rukutana, for lands Baguma Isoke and for animal husbandry Rosemary Mugyenyi, to discuss the proposed appraisal report.

The loan, which is part of the $51.15m cost of the project, will be supplemented by a grant of $9.85m from ADF, $4.11m from the Nordic development Fund, $5.55m from the government and $0.06m from beneficiaries.

Aggrey Awori (Samia Bugwe South) said agriculture, on which 78% of the population depend, is a risky sector whose budget should be increased.

MPs query sh50b African Development Fund loan

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