The Economy of Uganda
Debt, Governance and World Bank Pauses
Rising public debt and governance issues, including a 2023 law that led the World Bank to pause new lending, complicate Uganda's financing.
Borrowing and rules.
Debt
Public debt has risen as the government financed roads, dams and railways.
Corruption
Reports of graft in public spending erode confidence.
2023 law
After the Anti-Homosexuality Act, the World Bank paused new financing to Uganda until mid-2025.
Impact
Aid pauses affect projects, though domestic and other finance continue.
A paused loan
A planned health project waits for funding during the suspension.
Ignoring the human rights dimension in aid decisions
Lenders weigh values and risks.
Key takeaways
- Debt has risen.
- Corruption is a concern.
- The World Bank paused lending in 2023.
- Projects were affected.
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