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Thursday, September 29, 2022

MPs Approve UGX266billion Loan for the Heart Institute

Parliament yesterday 17th 2022 approved a loan of up to US$70million for the Uganda Heart Institute. The request was brought to Parliament by Government to borrow Ugx266billion from the Arab Bank for Economic Development in Africa.

According to the committee of Parliament for National Economy vice chairperson Hon. Robert Miggade, the loan request was carefully scrutinized and with their recommendations, it was unanimously approved. 

“The committee recommends Government to borrow up 266billion for the Heart Institute project which will be used for the construction and equipping of the facility,” Hon. Miggade revealed.

Migadde on behalf of the committee tasked Government to carefully renegotiate the terms of the loan to ensure flexible payment terms.

He called upon the Ministry of Finance to engage the financiers on the financial terms to a more concessional or semi concessional terms in particular increasing the repayment period.

Government was further advised to pay attention to challenges faced by the institute that deter it from being a strong foundation that excels in cardiovascular medical services by addressing the immediate constraints of inadequate working space and medical infrastructure.

Amuru District MP Hon. Lucy Akello stated that the loan was authorized as a way of lessening families faced with and suffering from health burdens who cannot handle on their own and need help.

“The borrowed money should be put to good use, not every family can afford the hospital charges. Once the center is functional we believe our people will not suffer,” stated Hon. Akello

The deputy speaker Thomas Tayebwa requested the institute to put to good use the loan, and make sure it stands out to serve all patients with heart issues.

“About 500 children are lost every year, not because we don’t have the expertise, but because we luck enough facilities. Let’s save the Ugandan who cannot afford to go for further treatment elsewhere,” he said.

The Uganda Heart Institute in Mulago has been operational since 1988 and has saved thousands of children and adults lives.

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