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Tag Archives: World Bank

Uganda far from middle income: World Bank

Kampala, Uganda | THE INDEPENDENT | The World Bank has put the per capita income of Uganda at 850 dollars for the financial year end 2022, with the economy growing at an estimated 3.7 percent. According to the Bank, this average income by a Ugandan is far below the lower-middle-income threshold …

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World Bank team reviewing USMID Additional Financing

USMID Additional Financing-USMID-AF launched in 2018/19 for a five-year period maintains the development objective of enhancing institutional capacity of selected local governments Kampala, Uganda | THE INDEPENDENT | Uganda’s new cities need to ensure that their physical development plans are designed and approved to attract new funding, according to executives at …

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World Bank Group points to recovery areas for Uganda’s economy

Kampala, Uganda | THE INDEPENDENT | The government should create sufficient and quality jobs by accelerating a sustainable and inclusive economic transformation to resume the path of inclusive growth and poverty reduction, the World Bank Group’s 2021 Systematic Country Diagnostic (SCD) has recommended. According to SCD, the government should focus …

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World Bank to fund Lira-Kamdini road construction

Kampala, Uganda | THE INDEPENDENT | The World Bank will fund the construction of the 78km Lira- Kamdini road. In January, President Museveni directed the government takes over funding for the road after the World Bank set stringent conditions on environmental and social impact studies. For instance, one of the conditions …

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