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Tag Archives: World Bank

World Bank slashes 2025 global growth forecast

Kampala, Uganda | THE INDEPENDENT | The World Bank has slashed its 2025 global growth forecast, citing trade tensions and policy uncertainty. The report released during the week said global gross domestic product (GDP) growth to 2.3 down from the 2.7 percent. Focusing to countries like Uganda or Low Income …

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Ministry of Education set to receive shs1.19 trillion from World Bank

KAMPALA, UGANDA | THE INDEPENDENT | The Ministry of Education and Sports is set to receive a major financial boost worth US$324.8 million (approx. 1.19 trillion shillings) under the Uganda Learning Acceleration Program- ULEARN Project, following renewed support from the Global Partnership for Education (GPE) and the World Bank. The …

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‘World Bank suspension taught Uganda a lesson’

Kampala, Uganda | THE INDEPENDENT | Henry Musasizi, the State Minister for Finance, Planning and Economic Development says the country has now fully overcome the effects of the global and local shocks to the economy that happened over the last three to four years and is now on its desired …

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Education Ministry set to secure sh840 Billion from World Bank

Kampala, Uganda | THE INDEPENDENT | Optimism is growing at the Ministry of Education and Sports headquarters at Embassy House that  funding of up to UGX 840 billion for its flagship education project will be secured from the World Bank. Sources tell our reporter that these funds, part of the …

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Government launches Results-Based Financing Programme to support clean energy adoption and access

Kampala, Uganda | THE INDEPENDENT | The Government of Uganda through Ministry of Energy and Mineral Development and Energy Credit Capitalisation Company (UECCC) has officially launched its Results-Based Financing/Price Subsidy (RBF) Programme as part of the Electricity Access Scale-up Project (EASP). The launch, which took place on Thursday, December 5, 2024, …

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