The World Bank Board of Directors today approved a $300 million budget support operation for Uganda to boost the Government’s capacity to prevent, detect and treat the coronavirus, protect the poor and vulnerable population, and support economic recovery.

The Uganda COVID-19 Economic Crisis and Recovery Development Policy Financing is the first budget support operation in more than 6 years and will address the fiscal financing gap while supporting reforms that will provide immediate relief to individuals and businesses that have been most affected by the pandemic.