World Bank's USD 4.6 Billion Uganda Portfolio Targets Faster Growth
The Ugandan government and the World Bank are working to accelerate a $4.6 billion development portfolio by addressing management and fiscal bottlenecks. Officials are implementing stricter project gatekeeping and electronic procurement systems to ensure projects are ready for implementation before funding is finalized.
Why it matters
Improving project delivery efficiency is critical for Uganda to maximize the impact of international development financing and achieve tangible economic growth.
Uganda and the World Bank have agreed to accelerate implementation of a US$4.6 billion development portfolio spanning 18 operations, as the government moves to address funding and management bottlenecks slowing project delivery.
The commitment was made at the Uganda–World Bank Country Portfolio Performance Review at the Sheraton Hotel, which assessed implementation, identified delivery constraints and set time-bound actions to convert development financing into tangible results.
Permanent Secretary and Secretary to the Treasury, Dr Ramathan Ggoobi, said Government is undertaking a deeper assessment to distinguish delays caused by fiscal constraints from those linked to project management, including procurement, design, land acquisition, counterpart funding, approvals and contract management.
“We are going to get quantified answers that separate the fiscal constraint from the management constraint,” he said.
Also covering this story
One other newsroom covered this event. We read that version too.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in