IMF LOANS UGANDA 92.1 MLN DLRS
The International Monetary Fund said
it has loaned Uganda 92.1 mln dlrs to aid in economic recovery.
    The fund said 60 mln dlrs of the loan is available through
the so-called structural adjustment facility (SAF) over the
next three years.
    The fund said 57.5 mln dlrs will be available immediately
under the SAF and a separate financing arrangement.
    After expanding in the early 1980's, Uganda's economy has
suffered setbacks since 1984 of falling industrial and
agricultural output and accelerating inflation, the fund said.
    The current economic downturn has been worsened by the
sharp decline in the world price of coffee, Uganda's major
export, the fund said.
 Reuter
