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World Bank suspends new loans to Uganda over anti-LGBTQ law.

World Bank suspends new loans to Uganda over anti-LGBTQ law.
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The World Bank has halted approval for new public finance projects in Uganda over the country’s adoption of a widely criticized bill criminalizing same-sex conduct.

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Recall that earlier this year, the Ugandan government passed an anti-lesbian, gay, bisexual, and transgender (LGBTQ) law which includes penalties such as life imprisonment and d£ath.

In a statement on Tuesday, the World Bank said: “Uganda’s Anti-Homosexuality Act fundamentally contradicts the World Bank Group’s values. 

We believe our vision to eradicate poverty on a livable planet can only succeed if it includes everyone irrespective of race, gender, or sexuality. 

This law undermines those efforts. Inclusion and non-discrimination sit at the heart of our work around the world.

No new public financing to Uganda will be presented to our board of executive directors until the efficacy of the additional measures has been tested.

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