ccording to a report by *Monitor* on October 23, Ramathan Goboi, Permanent Secretary of the Ministry of Finance, Planning, and Economic Development in Uganda, announced on Tuesday that the country will secure over $2 billion in new concessional financing from the World Bank over the next three fiscal years to advance its development agenda. Goboi noted that this funding is part of a new round of support from the World Bank aimed at strengthening key sectors such as infrastructure, agriculture, education, and social protection. In a statement, he emphasized: "The World Bank will allocate over $2 billion in new funds to support our development programs. The total investment to date has reached $4.9 billion." The statement further outlined that these funds will primarily be directed toward road and bridge construction, power transmission and "last-mile" delivery, regional infrastructure, education, information technology, agriculture, irrigation, export guarantees, skills development, and social protection, among other areas.
