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WORLD BANK ADVISES UGANDA TO INVEST IN HIGH-IMPACT PROJECTS

KAMPALA-- The World Bank has advised Uganda to focus its public investment on high-impact projects in the implementation of the second National Development Plan (NDPII).

The Bank's country representative, Christina Malmberg Calvo, and the head of Britain's Department for International Development (DFID) in Uganda, Jennie Barugh, noted that previous studies indicate that public investment in the country is not generating the desired impact on the economy.

In order to increase the impact of public investments, they said Uganda should invest in high-impact areas such as education and agriculture as well as health to raise a healthy and educated population. Public investment should not be concentrated on physical infrastructure, they added.

You can have these physical pieces of infrastructure but with uneducated or inadequately educated population. Both quality human capital and physical infrastructure will be important in Uganda's aspirations to achieve middle-class income, Malmberg said when addressing the media about the new 12 million US dollars grant from the DFID to Uganda.

The grant, which will be injected into a trust fund, will be used to assist the government improve domestic resource mobilisation, enhance value for money from public investments and boost accountability and transparency.

The first phase of a similar trust fundmanaged by the World Bank and DFID ended in 2015.

The grant, which was launched Monday at the World Bank office in Kampala, will run for about four years and will be used to help the government select the right projects and monitor their implementation.

Source: NAM NEWS NETWORK

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