Bearing this in mind, it is, moreover, little wonder that euro-area bank lending is still mired in a slump despite the extremely accommodative monetary policy. This state of affairs likewise shows that the expansionary monetary policy is reliant on actions by other agents as well as by policymakers in order for its full effects to materialise.
Unfortunately, the absorption capacity of the Ugandan projects remains low such that the bulk of the $ 10 million remains unused. While there is a need to increase the value of loans extended by Afreximbank through increased publicity, there is a need to encourage Ugandan companies to improve their absorption capacity of these resources.