Mode of Operation
In order to achieve its objective, UDB is empowered, by its statute, to provide financial assistance in the form of loans and by way of equity participation. To enable it to finance the various projects, UDB is empowered to borrow funds from both local and foreign sources, within the borrowing limits determined by the Ministry of Finance, Government of Uganda.
Read more about this topic: Uganda Development Bank
Famous quotes containing the words mode of, mode and/or operation:
“The love of their country is with them only a mode of flattering its master; as soon as they think that master can no longer hear, they speak of everything with a frankness which is the more startling because those who listen to it become responsible.”
—Marquis De Custine (1790–1857)
“I have no scheme about it,—no designs on men at all; and, if I had, my mode would be to tempt them with the fruit, and not with the manure. To what end do I lead a simple life at all, pray? That I may teach others to simplify their lives?—and so all our lives be simplified merely, like an algebraic formula? Or not, rather, that I may make use of the ground I have cleared, to live more worthily and profitably?”
—Henry David Thoreau (1817–1862)
“Waiting for the race to become official, he began to feel as if he had as much effect on the final outcome of the operation as a single piece of a jumbo jigsaw puzzle has to its predetermined final design. Only the addition of the missing fragments of the puzzle would reveal if the picture was as he guessed it would be.”
—Stanley Kubrick (b. 1928)