About the INVITE Project
The Government of Uganda, through the Ministry of Finance, Planning and Economic Development (MoFPED), is implementing the Investment for Industrial Transformation and Employment (INVITE) Project with financial and technical support from the World Bank Group.
Project Objective
The INVITE Project aims to help Uganda’s private sector recover from the long-term impacts of COVID-19 by supporting new economic opportunities, especially in refugee and host communities. Its goal is to boost private-sector manufacturing jobs and increase incomes across the country by offering financial and technical support to eligible micro, small, and medium enterprises (MSMEs) in the manufacturing and export sectors.
How the Project is Run
The project is managed through the Private Sector Foundation Uganda (PSFU) and the INVITE Trust. The Bank of Uganda (BoU) acts as the custodian and co-trustee of the INVITE Trust, alongside MoFPED.
The INVITE Trust includes six financing windows:
- Window 1.1: COVID Amortization Extension
- Window 1.2: COVID Re-Start Discount
- Window 1.3: Receivables Financing
- Window 2.1: Credit Guarantee Facility
- Window 2.2: Long-term Subordinated Loan Facility
- Sub-component 4(a): Project Implementation Framework
Environmental & Social Safeguards
To ensure responsible implementation, the project has developed an Environmental and Social Management Framework (ESMF) and an E&S Capacity Building Plan. These documents are aligned with the World Bank’s Environmental and Social Framework, Uganda’s National Environment Act (2019), and other relevant laws and regulations.
Detailed information about the financing windows is available in the ESMF and can also be found on the INVITE Project’s official website