Term Financing for Uganda’s Priority Infrastructure Projects
Ugandan Treasury officials are negotiating with international lenders and export credit agencies in London to secure funding for major infrastructure projects. The initiative is part of the government's Tenfold Growth Strategy to boost economic development.
Why it matters
Securing affordable long-term financing is essential for developing nations to complete large-scale infrastructure projects while maintaining debt sustainability.
The Permanent Secretary and Secretary to the Treasury (PSST), Dr Ramathan Ggoobi, has held talks with international lenders, European export credit agencies and multilateral partners in London to secure long-term financing for Uganda’s priority infrastructure projects.
The discussions focused on raising affordable capital for projects under the government’s Tenfold Growth Strategy, including the Standard Gauge Railway (SGR), electricity transmission, commercial irrigation, strategic roads, healthcare and industrial manufacturing.
According to the Ministry of Finance, Planning and Economic Development, Ggoobi’s mission involved engagements with Standard Chartered Bank, Citibank, the World Bank and European export credit agencies.
The talks explored competitively priced, long-term credit and guarantees to attract private investment and reduce the cost of financing, including potential arrangements backed by the World Bank.
The ministry said Ggoobi also met portfolio investors and encouraged them to increase investment in Uganda, citing the country’s macroeconomic performance and potential returns.
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