• World Bank commits $2B to Uganda for development projects
• Funding resumes after 2023 suspension over anti-LGBT law
• Uganda also negotiating new IMF credit deal post-elections

Uganda will receive $2 billion in new funding from the World Bank over the next three fiscal years, Finance Minister Ramathan Ggoobi said on Monday, Oct. 20, 2025.

STATEMENT BY PSST ON IMF/ WB 2025 MEETINGS:

PSST @rggoobi earlier today issued a statement on the just concluded @IMFNews/ @WorldBank meetings in Washington D.C.
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Details: https://t.co/rS3KD081ss pic.twitter.com/SWQHPli64J

— Ministry of Finance (@mofpedU) October 20, 2025

 The funds will support projects in road infrastructure, energy, agriculture, water, education, and social protection.

The new financing will raise the World Bank’s total investment in Uganda to more than $6.9 billion, up from $4.9 billion currently.

The World Bank suspended funding to Uganda in 2023 after the country passed an anti-LGBT law and resumed support in 2025 following policy commitments by the government.

Separately, Uganda is holding talks with the International Monetary Fund (IMF) on a new Extended Credit Facility (ECF) to be agreed after the upcoming elections. The program will prioritize higher domestic revenue collection, greater fiscal transparency, and a stronger financial sector.

Ingrid Haffiny