Uganda Secures $800 million from IsDB to fund development through 2027
Summary
This resource mobilisation will primarily be used to build climate-resilient infrastructure, particularly in the transport and energy sectors.
Uganda has secured an $800 million national engagement framework with the Islamic Development Bank (IsDB) Group, aimed at fostering economic resilience and promoting sustainable human development over the 2025–2027 period. This information is according to a tweet from the Ugandan Ministry of Finance on 21 May 2025.
Out of this package, $500 million will be provided by the IsDB. The Islamic Corporation for the Development of the Private Sector (ICD) and the International Islamic Trade Finance Corporation (ITFC) will each contribute $150 million.
This resource mobilisation will primarily be used to build climate-resilient infrastructure, particularly in the transport and energy sectors. It also aims to spur economic transformation and bolster food security by enhancing agricultural exports.
These resources will also contribute to inclusive growth by strengthening human capital, improving health, and fostering skills development in sectors like agriculture, hospitality, healthcare, ICT, and oil.
Uganda’s National Development Plan IV (NDP IV), covering 2025–2030, has reportedly faced budget constraints, including underfunding of essential programmes and disparities in resource allocation.
During its 2025 Annual Assembly, the IsDB approved over $1.32 billion in financing to its member countries.
Related
-
Japan provides $700 million to AfDB for concessionary lending
Ambassador Kawamura said he hopes the loans and grants will be used effectively to improve economic and social conditions ...
-
Inaugural speech of Akinwumi Adesina, President AfDB
Africa can no longer be content with simply managing poverty. For our future and the future of our children, we must ...
-
World Bank appoints Carmen Reinhart as Chief Economist
Reinhart’s appointment is effective on June 15, 2020.
Sustainable Development Section Sponsor
-
Access Bank Plc ...Financing the future
Most Popular
