Uganda secures $7 trillion in IMF, World Bank loans
Uganda will access up to 7 trillion shillings in concessional loans from the International Monetary Fund and the World Bank over three years, following the end of a two-year suspension. Treasury Secretary Ramathan Ggoobi said officials demonstrated the nation’s economic stability and growth prospects to lenders who rank Uganda among Africa’s fastest-expanding economies.
The World Bank pledged support for agro-industrial projects, while the IMF will guide fiscal policy under the government’s growth strategy. Funds target transport networks, power systems, regional cities, schools, farms, water projects and technology development. The International Finance Corporation will invest in private companies and state enterprises.
Officials plan to negotiate an Extended Credit Facility agreement after the 2026 elections to strengthen tax collection and budget management. Economists said the affordable financing reduces expensive domestic borrowing and enables strategic investments that create jobs. Success depends on debt controls, efficient spending and reform implementation.
