Word: rwamirama
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...borrowed $1.5 billion to build schools, clinics and roads. Total debt now stands at $4.3 billion. Meanwhile, collapsing coffee prices have pummeled its export earnings, further undermining attempts to escape from the debt trap. "As long as we cannot balance our budget, we can't avoid borrowing," says Bright Rwamirama, chair of the Ugandan Parliament's finance committee. Debt relief gives countries a predictable flow of resources free from the whims of donors. But when it's directed at poverty reduction, there's little difference between...
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