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Regional Trade Facilitation Project - Uganda

Development Objective

The Regional Trade Facilitation Projects (RTFP) principal objective is to contribute to poverty alleviation through private sector led growth in participating countries by improving access to financing for productive transactions and cross-border trade.The Common Market for Southern and Eastern Africa (COMESA) initiated the RTFP as an important complement to its regional integration activities, in particular the introduction of a free trade area on October 31, 2000. The project will initially cover seven countries (Burundi, Kenya, Malawi, Rwanda, Tanzania, Uganda, and Zambia), and can be extended to cover all African countries, in order to broaden the development impact of the project as much as possible.Financing for productive activities in Africa is presently severely constrained by a perception of high risk in the region as a whole, and in individual countries in the region. Interviews with market players indicate that a significant element of this perception is associated with risks caused by government behavior and political events, such as war and civil commotion. In many countries, however, this perception is not justified by current circumstances. The same is true for the perception that Africa as a region would be inherently more risky than other regions or continents.There are significant gaps in the private political risk insurance market when it comes to the assumption of political risk in cross-border transactions involving African countries, which hinders growth of productive activity in Africa. Political risk cover from commercial sources or export credit agencies is not available at all for some African countries, and where cover is available it is usually very costly and on unfavorable terms. In particular, available cover is either very thin or non-existent for transactions over the medium term thereby restricting the import of essential capital goods into African countries.The project aims to address this problem by bringing together a group of countries that are willing to address the markets perception by setting up a credible insurance mechanism against losses caused by political risks. The governments of these countries would agree to be the ultimate risk takers in the insurance mechanism, thus creating a strong disincentive to cause claims. This type of insurance is currently not available from the private market, particularly for medium-term transactions (over one year).As a result of the public sector addressing political risk through the RTFP, the private insurance sector will have the ability to extend its activities in the region. International export credit insurers, in cooperation with local financial institutions, will use the political risk insurance facility to offer commercial risk insurance, which will result in comprehensive export credit coverage being available to the private sector in Africa.The project will thus widen the scope for private sector activity, in particular by extending the maturities at which credit is available, creating a more stable business environment by ensuring the availability of coverage on a consistent and predictable basis, and, by improving the risk, lowering the risk premium. Participating countries will reap earlier and more substantive benefits from improved policies, as the private sector will increase its activity without having to wait for a long track record of policy and political stability.

Key Details

Project Details

  • P070627

  • Closed

  • Sherri Ellen Archondo

  • N/A

  • Uganda

  • April 3, 2001

  • (as of board presentation)

    April 3, 2001

  • February 7, 2002

  • US$ 20.00 million

  • F

  • January 15, 2013

  • June 30, 2013

  • BANK APPROVED

  • P063683

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 20.00
Foreign Private Commercial Sources (unidentified) 40.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 20.00
IBRD + IDA Commitment 20.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 60.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Sep 19, 2018 IDA-34890 Int Charges 3,032.37
Mar 15, 2020 IDA-34890 Int Charges 48,824.24
Mar 15, 2020 IDA-34890 Int Charges 48,824.24
Mar 15, 2020 IDA-34890 Loan Repay 1,731.75
Mar 15, 2020 IDA-34890 Loan Repay 155,133.23
Sep 15, 2019 IDA-34890 Int Charges 49,233.58
Sep 15, 2019 IDA-34890 Int Charges 49,233.58
Sep 15, 2019 IDA-34890 Loan Repay 444.41
Sep 15, 2019 IDA-34890 Loan Repay 155,852.60
Sep 15, 2021 IDA-34890 Int Charges 3.38
Sep 15, 2021 IDA-34890 Int Charges 3.38
Sep 15, 2021 IDA-34890 Loan Repay 1,661.19
Sep 15, 2021 IDA-34890 Int Charges 48,321.31
Sep 15, 2021 IDA-34890 Int Charges 48,321.31
Mar 16, 2021 IDA-34890 Int Charges 49,419.65
Mar 16, 2021 IDA-34890 Int Charges 49,419.65
Mar 16, 2021 IDA-34890 Int Charges 3,943.30
Mar 16, 2021 IDA-34890 Int Charges 3,943.30
Mar 16, 2021 IDA-34890 Loan Repay 162,698.36
Sep 15, 2020 IDA-34890 Int Charges 45,674.73
Sep 15, 2020 IDA-34890 Int Charges 45,674.73
Sep 15, 2020 IDA-34890 Loan Repay 492.52
Sep 15, 2020 IDA-34890 Loan Repay 160,752.33
Sep 15, 2023 IDA-34890 Int Charges 40,526.82
Sep 15, 2023 IDA-34890 Loan Repay 4,450.97
Sep 15, 2022 IDA-34890 Loan Repay 7,462.42
Sep 15, 2022 IDA-34890 Loan Repay 287,316.20
Sep 15, 2022 IDA-34890 Int Charges 42,005.97
Sep 15, 2022 IDA-34890 Int Charges 42,005.97
Mar 15, 2022 IDA-34890 Loan Repay 313,996.30
Mar 15, 2022 IDA-34890 Int Charges 45,921.92
Mar 15, 2022 IDA-34890 Int Charges 45,921.92
Mar 15, 2022 IDA-34890 Int Charges 359.58
Mar 15, 2022 IDA-34890 Int Charges 359.58
Sep 15, 2021 IDA-34890 Loan Repay 322,959.28
Apr 3, 2001 IDA-34890 Loan Commitment 14,686,715.00
Apr 3, 2001 IDA-3489A Loan Commitment 5,313,284.50
Mar 18, 2024 IDA-34890 Loan Repay 293,888.00
Mar 15, 2024 IDA-34890 Loan Repay 9,247.28
Mar 18, 2024 IDA-34890 Int Charges 39,786.52
Mar 18, 2024 IDA-34890 Int Charges 39,786.52
Mar 18, 2024 IDA-34890 Int Charges 0.01
Mar 18, 2024 IDA-34890 Int Charges 0.01
Mar 15, 2023 IDA-34890 Loan Repay 3,745.20
Mar 15, 2023 IDA-34890 Loan Repay 299,303.72
Mar 15, 2023 IDA-34890 Int Charges 42,048.04
Mar 15, 2023 IDA-34890 Int Charges 42,048.04
Sep 15, 2023 IDA-34890 Loan Repay 295,747.84
Sep 15, 2023 IDA-34890 Int Charges 40,526.82
Mar 15, 2014 IDA-34890 Int Charges 3,184.58
Mar 15, 2014 IDA-34890 Int Charges 3,184.58
Mar 15, 2014 IDA-34890 Loan Repay 176,520.90
Mar 15, 2014 IDA-34890 Int Charges 60,306.10
Mar 15, 2014 IDA-34890 Int Charges 60,306.10
Sep 15, 2013 IDA-34890 Loan Repay 5,269.35
Sep 15, 2013 IDA-34890 Loan Repay 167,626.33
Sep 15, 2013 IDA-34890 Int Charges 59,123.28
Sep 15, 2013 IDA-34890 Int Charges 59,123.28
Mar 15, 2015 IDA-34890 Loan Repay 6,733.14
Mar 15, 2015 IDA-34890 Loan Repay 149,306.62
Mar 15, 2015 IDA-34890 Int Charges 6.50
Mar 15, 2015 IDA-34890 Int Charges 6.50
Mar 15, 2015 IDA-34890 Int Charges 54,418.88
Mar 15, 2015 IDA-34890 Int Charges 54,418.88
Sep 17, 2014 IDA-34890 Int Charges 2,497.85
Sep 17, 2014 IDA-34890 Int Charges 2,497.85
Sep 17, 2014 IDA-34890 Loan Repay 170,937.94
Sep 17, 2014 IDA-34890 Int Charges 60,255.64
Sep 17, 2014 IDA-34890 Int Charges 60,255.64
Mar 15, 2016 IDA-34890 Loan Repay 158,638.33
Mar 15, 2016 IDA-34890 Int Charges 3.12
Mar 15, 2016 IDA-34890 Int Charges 3.12
Mar 15, 2016 IDA-34890 Int Charges 52,569.77
Mar 15, 2016 IDA-34890 Int Charges 52,569.77
Mar 15, 2016 IDA-34890 Int Charges 1,354.19
Mar 15, 2016 IDA-34890 Int Charges 1,354.19
Sep 15, 2015 IDA-34890 Loan Repay 8,693.96
Sep 16, 2015 IDA-34890 Loan Repay 151,408.48
Sep 16, 2015 IDA-34890 Int Charges 53,860.11
Sep 16, 2015 IDA-34890 Int Charges 53,860.11
Mar 16, 2017 IDA-34890 Int Charges 949.00
Mar 16, 2017 IDA-34890 Loan Repay 154,350.66
Mar 16, 2017 IDA-34890 Int Charges 50,779.42
Mar 16, 2017 IDA-34890 Int Charges 50,779.42
Sep 15, 2016 IDA-34890 Int Charges 1,572.95
Sep 15, 2016 IDA-34890 Loan Repay 159,386.14
Sep 15, 2016 IDA-34890 Int Charges 52,812.86
Sep 15, 2016 IDA-34890 Int Charges 52,812.86
Sep 15, 2016 IDA-34890 Int Charges 1,572.95
Mar 16, 2017 IDA-34890 Int Charges 949.00
Mar 15, 2018 IDA-34890 Int Charges 50,824.27
Mar 15, 2018 IDA-34890 Int Charges 50,824.27
Mar 15, 2018 IDA-34890 Int Charges 5,170.14
Mar 15, 2018 IDA-34890 Int Charges 5,170.14
Mar 15, 2018 IDA-34890 Loan Repay 165,416.44
Sep 15, 2017 IDA-34890 Int Charges 48,414.84
Sep 15, 2017 IDA-34890 Int Charges 48,414.84
Sep 15, 2017 IDA-34890 Int Charges 771.82
Sep 15, 2017 IDA-34890 Int Charges 771.82
Sep 15, 2017 IDA-34890 Loan Repay 162,060.95
Sep 15, 2017 IDA-34890 Int Charges 3.37
Sep 15, 2017 IDA-34890 Int Charges 3.37
Mar 15, 2019 IDA-34890 Int Charges 34.88
Mar 15, 2019 IDA-34890 Int Charges 34.88
Mar 15, 2019 IDA-34890 Loan Repay 158,481.27
Mar 15, 2019 IDA-34890 Int Charges 13.21
Mar 15, 2019 IDA-34890 Int Charges 13.21
Mar 15, 2019 IDA-34890 Int Charges 50,515.93
Mar 15, 2019 IDA-34890 Int Charges 50,515.93
Sep 19, 2018 IDA-34890 Int Charges 51,437.01
Sep 19, 2018 IDA-34890 Int Charges 51,437.01
Sep 19, 2018 IDA-34890 Loan Repay 159,603.55
Sep 19, 2018 IDA-34890 Int Charges 3,032.37

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Procurement Satisfactory 2006-06-22
Financial Management Satisfactory 2006-06-22
Progress towards achievement of PDO Satisfactory 2006-06-22
Counterpart Funding Satisfactory 2006-06-22
Project Management Satisfactory 2006-06-22
Monitoring and Evaluation Satisfactory 2006-06-22
Overall Implementation Progress (IP) Moderately Satisfactory 2006-06-22

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.