As Uganda grapples with the looming economic crisis, reports emerging indicate that the International Monetary Fund authorities have delayed to disburse the $1 billion relief citing gross rights violations and corruption tendencies by government officials.
The Museveni government had earlier used COVID-19 as a scapegoat for elevating their bargain to have the loan. A media campaign comprising of both local and foreign media reporting covid fatalities was intensified with expectations that the IMF would quickly release the targeted money for the loan to rescue the struggling Ugandan economy. However, after activists and rights defenders took to Twitter to protest the loan, IMF officials were forced to reverse their decision as per the reports we are receiving.
The recently announced National budget is itself in unprecedented deficits. The revenue authority registered less tax returns and collections. Uganda apparently looks to the IMF loan as a sigh of relief to balance the economy. But with the IMF delays, the government is now considering milking the local tax base. Internet services, fuel and bread are among the tax bases the government is looking to as a saviour. Even western donors have refused to offer aid citing widespread rights abuses targeting the opposition. The BBC Documentary on Uganda’s blood bathed polls is said to have triggered anger amongst the donors.
By the time of filing this report, Gen. Museveni had announced that he is to return and address the nation on the covid crisis. But sources in state house say he is unhappy with the western donors who have refused to release funds for his struggling regime.