UGANDA'S MINISTRY OF FINANCE is expected to approach the international syndicated loan market later this year following a rare €600m loan financing that it agreed last year. The Ministry of Finance has received parliamentary approval to return to the market to raise a new syndicated loan, although the size of the facility and timing is still undecided. "They had a good experience in the syndicated loan market last year and like all sovereigns, Uganda needs money for all sorts of things including infrastructure projects. It makes sense they would look to continue tapping that market as a source of liquidity," one banker said.
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