Complaint > Third Power Project, Fourth Power Project, and proposed Bujagali Hydropower Project

Compliance Report: 24-Investigation Report (English)

...change resources because some large sources of foreign exchange (including current private transfers, current transfers to government and net concessional medium and long term loans) were assumed to be independent of the slippage variables. It is not explained why these assumptions were justified. It is noted, though, that a 20 per cent annual reduction in these factors would raise the PPA payment to foreign exchange ratio – and as the ratio rises, so does the macro...