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Podcast: Good Morning Africa
Episode: Uganda’s oil debt trap; borrowing against natural resources.
Description: Civil Society actors in Uganda have called out the government on what they consider over leveraging of Uganda’s oil to acquire debt. Uganda’s debt to GDP rocketed past the 50% threshold . In a new memo the Uganda government is proposing a halt on any borrowing, suspension of salary increments and a freeze on vehicle payments for this financial year as a way to deal with the increasing debt pi