The Government of Uganda (GoU) has applied for credit from the International Development Association (IDA) towards financing of the Investment for Industrial Transformation and Employment Project (INVITE) which is currently under preparation. The project will be implemented by the Private Sector Foundation Uganda (PSFU) and Uganda Development Bank (UDB).
The project is expected to commence within Financial Year 2020/2021 for a period of at least seven (7) years.
The Project Development Objective (PDO) is to mitigate the effect of COVID-19 on private sector investment and employment and to support new economic opportunities including in refugee and hosting communities.
In compliance with the World Bank Environmental and Social Safeguard Policies and Public Disclosure requirements, Government of Uganda through PSFU and UDB prepared an ESCP and SEP for the project.