President Yoweri Museveni on Tuesday welcomed the World Bank’s backing for Uganda’s strategic infrastructure and agricultural initiatives, highlighting the institution’s role in driving regional development.
Speaking at State Lodge Nakasero, Museveni met with the World Bank delegation led by Qimiao Fan, Division Director for Kenya, Rwanda, Somalia, and Uganda, alongside Country Manager Francisca Ayodeji Akala.
He underscored the importance of coordinated support in advancing Uganda’s Standard Gauge Railway (SGR) and agricultural industrialization efforts.
“Railways, electricity, and affordable financing are key to lowering production costs,” Museveni said, emphasizing that these sectors are crucial for boosting competitiveness and reducing costs for farmers and manufacturers.
The President also praised the World Bank for promoting global economic prosperity, describing their approach as aligning with Christian values of uplifting communities.
“The World Bank are now becoming Christians, by promoting global affluence & prosperity for everyone in the world,” he stated.
The SGR, which links Uganda to regional trade hubs, and agricultural industrialization initiatives are expected to enhance exports, create jobs, and stimulate economic growth.
The meeting reflects ongoing collaboration between the Ugandan government and global financial institutions to support sustainable development, strengthen regional integration, and ensure that growth translates into tangible benefits for Ugandan citizens, particularly in rural and agricultural sectors.
Museveni’s engagement with the World Bank signals Uganda’s commitment to leveraging international partnerships for national development while emphasizing the moral and ethical dimensions of global economic assistance.