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:
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“The only mode of obtaining an answer to these questions of the senses is to forego all low curiosity, and, accepting the tide of being which floats us into the secret of nature, work and live, work and live, and all unawares the advancing soul has built and forged for itself a new condition, and the question and the answer are one.”
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“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.”
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