Henry Musasizi, Minister of FinanceUganda’s top lender, World Bank Group has earmarked about UGX14Trn credit financing into Uganda in the coming 10years, following the signing of a partnership with Ministry of Finance.The announcement was made on 29th June 2026 during the launch of the World Bank-Uganda Partnership Framework and Public Finance Review at Golden Tulip Hotel in Kampala, where it was revealed that the 10-year operational strategy lays out how the World Bank Group will support Uganda’s ambition to transform into a modern, prosperous and competitive upper-middle income country by 2040.According to Henry Musasizi, Minister of Finance, World Bank’s approach, aligned with Uganda’s tenfold growth strategy and NDP IV priorities, and the plan will see World Bank mobilize private capital at scale to the tune of US$3.8 billion (UGX13.923Trn).“Our focus going forward will remain on prudently executing the tenfold growth strategy to turn Uganda into a 500-billion-dollar-economy, enforcing absolute discipline, enhancing revenue mobilization, wealth creation and oil revenue management,” said Musasizi.The Ministry of Finance noted that the partnership will put emphasis on wealth creation, better jobs, strengthened economic governance, healthier and better skilled people as well as better connected communities through access to quality infrastructure, and further, focus will be on more productive and inclusive Private Sector.During the ceremony, the Ministry also unveiled the Public Finance Review, which it argued provides timely analysis as Uganda enters its oil decade, with a key recommendation that sustainable prosperity will not only depend on oil revenues but also strong institutions, efficient public expenditure, enhanced domestic revenue mobilization and continued investment in the people of Uganda.Minister Musasizi further noted that despite multiple global shocks, Uganda has maintained macroeconomic stability, strengthened public financial management, enhanced fiscal transparency, improved debt management, expanded domestic revenue mobilization and reinforced public investment management.“As we scale up public investment, let us remember that development is not measured by the size of our budgets, the number of projects approved or policies adopted but by the lives transformed, opportunities created and lasting impact on citizens,” said Musasizi.The World Bank Division Director for Kenya, Rwanda, Somalia and Uganda, Qimiao Fan said the World Bank is moving away from isolated projects to comprehensive sector-wide interventions, adding that the Bank is fully committed to supporting Uganda’s transformation agenda.The development comes at the time when the November 2025 Report On Public Debt, Grants, Guarantees And Other Financial Liabilities For Financial Year 2024/2025 that placed Uganda’s stock of public debt as at end December 2024 at USD 29.06 billion equivalent to Shs.106.22 trillion, revealed that International Development Association of the World Bank (IDA) accounted for 51 percent of the outstanding debt stock of Multilateral Creditors as at end December 2024 followed by African Development Fund (ADF) at 17 percent and International Monetary Fund (IMF) at 16 percent.The post World Bank Earmarks UGX14Trn For Uganda In 10 Years appeared first on Business Focus.