The Parliamentary Committee on National Economy has rejected a loan request from...

The Parliamentary Committee on National Economy has rejected a loan request from the ministry of finance

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The Parliamentary Committee on National Economy has rejected a loan request from the ministry of finance that sought to borrow 71 million US dollars from the International Development Association (IDA) to finance the grid expansion and reinforcement project.
The legislators accuse the ministry of finance of not following up on the numerous loans that have been approved by parliament hence the poor performance. They have vowed not to approve new loan requests until a detailed report on the performance of all loans is provided.

 

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