Uganda COVID-19 Economic Crisis and Recovery Development Policy Financing

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The development objectives of COVID-19 Economic Crisis and Recovery Development Policy Financing (DPF) for Uganda is to strengthen the crisis response and protect the most vulnerable and support faster economic recovery and debt transparency. The Government of Uganda (GoU) is facing a major economic and health crisis arising from the global pandemic. The impact on the Ugandan economy is significant, creating both economic disruptions and financing imbalances that need to be addressed urgently. This DPF lies at the core of the World Bank’s rapid response to help the GoU in addressing the Coronavirus (COVID-19) crisis. It is a stand-alone DPF with a single tranche and its objectives are to support the crisis response, help protect the vulnerable affected most by the crisis, and strengthen economic recovery and debt transparency. The DPF is structured around two pillars: (i) strengthening crisis response and protecting the most vulnerable; (ii) supporting faster economic recovery and debt transparency. The operation is consistent with the priorities outlined in the World Bank Group (WBG) Country Partnership Framework (CPF) for FY16-FY20 and is aligned with the GoU’s response program priorities which are to maintain macroeconomic stability and mitigate the growth and social impact of the economic crisis. This DPF would provide emergency budget support to mitigate the Coronavirus (COVID-19) economic impact and protect the poor and vulnerable in the short term, while strengthening recovery over the medium term.