Washington D.C., USA: Uganda has intensified engagements with the World Bank and the International Monetary Fund on critical financing programs aimed at accelerating socio-economic transformation under the government’s Tenfold Growth Strategy.
The high-level discussions took place during the 2026 WB/IMF Spring Meetings, with Uganda seeking support through the Development Policy Operation (DPO) and the Extended Credit Facility (ECF).
Uganda’s delegation held talks with World Bank officials on the Development Policy Operation, a financing mechanism designed to support policy and institutional reforms that promote economic growth and reduce poverty.
Key focus areas under consideration include human capital development, strengthening fiscal sustainability, agro-industrialisation, and infrastructure development to spur private sector-led job creation.
Officials confirmed that the World Bank is expected to dispatch a mission to Uganda in the coming days to advance the DPO process.
IMF backs Uganda’s reform agenda
The Ugandan team also engaged the IMF African Department, led by Director Abebe Selassie, to review progress under the Extended Credit Facility.
The ECF provides medium-term financial support to countries undertaking economic reforms under the Poverty Reduction and Growth Trust framework.
The IMF is also expected to send a mission to Kampala to assess implementation progress and guide further support.
The delegation, led by Minister of State for Finance (General Duties) Henry Musasizi, also held discussions with both institutions on Uganda’s broader economic outlook.
Key issues included Tax policy reforms and revenue mobilisation, debt management strategies, and Uganda’s preparedness to respond to global shocks, including instability in the Middle East.
Officials emphasised the importance of strengthening domestic revenue collection while maintaining fiscal discipline to sustain economic growth.
The engagements in Washington signal Uganda’s continued efforts to align with international financial institutions in driving long-term development.
The DPO and ECF programs are expected to play a critical role in supporting Uganda’s economic reforms, boosting investor confidence, and accelerating progress toward middle-income status.
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