Displacement Financing · Active
Africa's Largest Host2M+ refugees, rights-based model
The Refugee Response Model & the World Bank Displacement Partnership
CRRF pilot launched 2017 · DRDIP Phase I (2016–2025) + Phase II ongoing · World Bank / UNHCR
Uganda's 2006 Refugee Act grants refugees the right to work, move freely and farm an allocated plot — a rights-based model built on the theory that dependency is more expensive than dignity. In 2017 Uganda became the first country to pilot the UN's Comprehensive Refugee Response Framework under the Global Compact on Refugees, and the World Bank backed it with the Development Response to Displacement Impacts Project: $200 million in Phase I financing (2016–2025, building on an initial $50 million and a further $150 million IDA18 Refugee Sub-Window grant) followed by a further $328 million committed for Phase II, reaching 3 million Ugandans across 15 refugee-hosting districts. The model is now studied by governments worldwide — but international humanitarian funding for the same settlements fell from roughly $500 million in 2019 to under $140 million in 2025, leaving UNHCR delivering closer to $5 per refugee per month against an estimated $16 needed.
2M+Refugees hosted, largest in Africa
$528MCombined DRDIP I + II financing
290Schools built or upgraded
2017First CRRF pilot country worldwide
Displacement & Social Finance
Read About the Refugee Model
Completed
$1BECF arrangement, fully reviewed
IMF Extended Credit Facility Arrangement (2021–2024)
Approved June 2021 · $1B · Expired 2024 after its fifth review
The IMF Executive Board approved a three-year, roughly $1 billion Extended Credit Facility arrangement for Uganda in June 2021 to support pandemic recovery and reform. The arrangement ran its full course through a fifth and final review completed in March 2024, then expired on schedule — the IMF later noting the economy "performed well since the expiration" of the program, though without a successor arrangement immediately in place.
International Monetary Fund
Read more →
Active
SurveillanceNo new financing attached
IMF 2026 Article IV Consultation
Concluded 27 July 2026 · No active financing arrangement
With no successor to the 2021–24 ECF in place, the IMF Executive Board completed its 2026 Article IV consultation in July 2026, flagging a widening fiscal deficit (6.0% of GDP in FY2024/25, projected toward 7.1%), rising debt-service burdens and crowding-out of private credit, and urging stronger domestic revenue mobilization ahead of oil revenues arriving.
International Monetary Fund
Read more →
Completed
PausedNew lending only; existing projects continued
World Bank Lending Suspension & Resumption
Suspended August 2023 · Resumed June 2025
The World Bank suspended approval of new public financing to Uganda in August 2023 after the Anti-Homosexuality Act was signed into law, citing conflict with the Bank's non-discrimination policies. New lending resumed in June 2025 once the Bank determined that mitigation measures for its projects were sufficient — a rare, real-time example of a policy choice directly gating a sovereign's access to concessional development finance.
World Bank
Read more →
Pipeline
$5BTotal project cost · 1,443 km
East African Crude Oil Pipeline (EACOP)
First tranche closed April 2025 · First oil targeted end of 2026
A syndicate of African lenders led by Afreximbank, Standard Bank, Stanbic Bank Uganda, KCB Bank Uganda and the Islamic Corporation for the Development of the Private Sector closed the first external debt tranche for the $5 billion, 1,443-kilometer EACOP in April 2025, funding the pipeline's final construction phase toward Uganda's long-delayed first oil, targeted for the end of 2026.
TotalEnergiesCNOOCUganda National Oil CompanyAfreximbank
Read more →
Active
Pre-positionedRevenue management framework
Petroleum Fund & Revenue Investment Reserve
Framework established 2012 · Managed by Bank of Uganda
Uganda's 2012 Oil and Gas Revenue Management Policy and the Public Finance Management Act created the Petroleum Fund — since restructured into a Petroleum Revenue Investment Reserve managed by the Bank of Uganda — designed to receive, save and channel oil revenue into the budget through a rules-based framework, built years before EACOP's first oil so the institutions would predate the money.
Bank of UgandaMinistry of Finance
Read more →
Completed
$862M$800M plant + $62M transmission
Bujagali Hydropower PPP & Refinancing
Commissioned 2012 · Refinanced 2018
A 250MW public-private hydropower plant on the Nile at Jinja — Uganda's largest private-sector investment at the time — was financed by IFC, the African Development Bank, the European Investment Bank, KfW and other DFIs alongside private lenders, and commissioned in 2012. In 2018, IFC and MIGA approved over $400 million in refinancing and $423 million in guarantees, cutting the tariff passed on to consumers from about $0.11 to $0.072 per kilowatt-hour.
IFCMIGAAfrican Development BankSithe Global
Read more →
Pipeline
€155.99MAfDB + ADF loans, govt in-kind
Arua International Airport Upgrade
Approved June 2026 · Uganda Airports Development Programme Phase 1
The African Development Bank Group approved €155.99 million — €141.15 million from the AfDB and €14.84 million from the African Development Fund — to upgrade Arua Airport into an international-standard facility with a 3.5km runway and a 700,000-passenger terminal, aimed at regional connectivity and tourism in Uganda's West Nile sub-region.
African Development BankAfrican Development Fund
Read more →
Pipeline
$260M$153.66M from AfDB/ADF alone
Uganda–South Sudan Electricity Interconnection
Approved December 2024 · 299km transmission line
The African Development Fund approved $153.66 million (of a $260 million total, alongside the EU and Ugandan and South Sudanese governments) to build a 299-kilometer interconnection integrating South Sudan into the East African Power Pool — expected to exchange roughly 624 GWh a year and improve electricity access for nearly 287,000 people in South Sudan.
African Development BankEuropean UnionNile Basin Initiative
Read more →
Active
$252.83MAfDB $179.68M + ADF $73.15M
Rural Transport & Regional Integration Roads
Approved December 2023 · Laropi–Moyo–Afoji & Katuna–Muko–Kamuganguzi corridors
The African Development Bank Group approved $252.83 million to upgrade two road corridors in Uganda's northwest, including a one-stop border post with South Sudan — a region the Bank's own release notes hosts over 500,000 refugees from the DRC and South Sudan, directly linking rural connectivity finance to the country's refugee-hosting geography.
African Development BankAfrican Development Fund
Read more →
Active
$325M+ $25M IDA grant
Uganda Climate Smart Agricultural Transformation Project
Approved 2024 · World Bank/IDA
A World Bank-financed program combining a $325 million IDA loan and a $25 million grant to modernize climate-resilient agriculture, aiming to lift productivity and incomes for smallholder farmers across Uganda's agricultural regions — the same base that Uganda's coffee and matoke export economy depends on.
World BankIDAMinistry of Agriculture
Read more →
Completed
$31MFor 8M+ tonnes CO2 verified reduced
Green Climate Fund Result-Based REDD+ Payment
Approved October 2025 · Africa's First Such Payment
Uganda became the first African country to secure a Green Climate Fund result-based payment, receiving $31 million for over 8 million tonnes of verified emissions reductions from 2016–2017 forest conservation work — paid only after the outcome was proven, not before, a rare instance of pay-for-performance climate finance actually landing in Africa.
Green Climate Fund
Read more →
Active
UGX 326.3TAnnual e-money transaction value, +28.6%
Mobile Money & Digital Financial Inclusion
FY2024/25 · Bank of Uganda supervisory data
Electronic money transactions supervised by the Bank of Uganda grew 28.6% year-on-year to UGX 326.3 trillion across 8.4 billion transactions, moved through over one million registered agents — MTN and Airtel's mobile money networks functioning, in effect, as Uganda's largest financial-inclusion infrastructure outside the formal banking system.
Bank of UgandaMTN UgandaAirtel Uganda
Read more →
Pipeline
-98%Planned cut in new external borrowing
External Borrowing Retrenchment
Announced November 2024 · Targeting FY2025/26
Facing public debt that rose from $23.7 billion to $25.6 billion in a single year and a credit-rating downgrade, Uganda's Ministry of Finance announced plans in November 2024 to cut new external borrowing by roughly 98% and overall government spending by more than 20% for the 2025/26 fiscal year — a deliberate fiscal-consolidation bet ahead of oil revenues arriving.
Ministry of Finance, Planning and Economic Development
Read more →