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You are here: Home / cat / World Bank Launches Ten-Year Strategy to Drive Jobs and Prosperity in Uganda

World Bank Launches Ten-Year Strategy to Drive Jobs and Prosperity in Uganda

Dated: June 5, 2026

The World Bank Group has endorsed a new Country Partnership Framework (CPF) for Uganda, setting out a 10-year development strategy from 2026 to 2035 aimed at accelerating economic transformation, job creation, and private sector-led growth. The announcement was made in Kampala on 4 June 2026 and reflects a long-term commitment to supporting Uganda’s development priorities.

The strategy is designed in collaboration with the Government of Uganda and aligned with national frameworks such as Vision 2040 and the Fourth National Development Plan. It focuses on converting Uganda’s demographic advantages, natural resources, and growth potential into sustainable improvements in productivity, incomes, and livelihoods.

At the core of the plan is job creation, with a strong emphasis on expanding access to quality employment opportunities for Uganda’s rapidly growing workforce. Each year, an estimated 600,000 to 700,000 young people enter the labour market, making employment expansion a central development priority.

The framework is structured around improving economic governance, strengthening education and health systems, expanding infrastructure connectivity, and building a more productive and inclusive private sector. The World Bank Group highlights that these interconnected areas are essential for translating economic growth into broad-based prosperity.

A key feature of the strategy is the “One World Bank Group” approach, which combines financing and expertise from the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). This coordinated model is intended to improve efficiency and maximize development impact across sectors.

The CPF outlines ambitious development targets over the next decade, including expanded access to energy, healthcare, education, transport, financial services, and improved agricultural productivity. These goals are designed to strengthen human capital while enabling broader economic participation across the country.

Financially, the World Bank Group expects to provide approximately $2 billion in IDA lending per three-year cycle, supported by a current portfolio valued at around $4 billion. In addition, the strategy aims to mobilize significant private investment, including up to $1.3 billion in private capital and a further $2.5 billion from capital markets.

The International Finance Corporation will focus on targeted private sector investments, while MIGA will expand its use of guarantees to reduce risk for investors and attract long-term private capital. This blended approach is intended to strengthen investor confidence and unlock new sources of financing for development.

Overall, the new 10-year framework positions Uganda for sustained economic transformation, emphasizing institutional strengthening, private sector expansion, and long-term inclusive growth.

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