The money will go towards the Investing in Forests and Protected Areas for Climate-Smart Development Project under the Ministry of Water and Environment. This focuses on the Albertine Region and the refugee-hosting areas in Northern Uganda.
Map of project forest restoration in Uganda
Bank has approved USD 148.2m (Shs 563bn) financing for Uganda to use to
manage and restore its forests cover.
according to the lender is also expected to have spillover benefits to forest
dependent communities like refugees and their host communities.
In a statement issued today, the World
Bank said that the funds are part of a loan and part of a grant.
Some USD78.2 million (Shs 297bn) of this financing is a concessional loan, while
USD70 million (Shs 266bn) is a grant.
will go towards the Investing in Forests
and Protected Areas for Climate-Smart Development Project under the
Ministry of Water and Environment. This
focuses on the Albertine Region and the refugee-hosting areas in Northern
said in a statement that “the project will finance infrastructure and equipment
for management and protection ”.
cover seven National Parks, four wildlife reserves and up to 28 forest
reserves, and development of key tourism infrastructure.”
will invest in plantation forestry and wood value chains with the aim of
enabling plantation forestry to become a strong and self-sustaining economic
sector,” said the statement.
Thompson, World Bank Country Manager for Uganda, has applauded the offer,
saying it “will provide vital assistance to vulnerable communities that depend
on forests to withstand climate shocks…”
Uganda has lost close to two thirds of its
forest cover since 1990. Uganda Bureau
of Statistics reports that in 2015, Uganda had a total area of 1.95 million
hectares of forest land compared to 4.93 million hectares in 1990 – a reduction
of more than 60 percent over a period of 25 years.