World Bank suspends new loans to Uganda on LGBTQ laws
KAMPALA, Uganda – The World Bank has announced that it will suspend new loans to Uganda due to the country’s controversial anti-LGBTQ law.
The bank, based in Washington, has decided to halt project financing while it reviews measures aimed at protecting sexual and gender minorities from discrimination in its projects.
The bank stated that Uganda’s Anti-Homosexuality Act contradicts its values and undermines efforts to eradicate poverty while promoting inclusivity and non-discrimination.
The bank plans to enhance third-party monitoring and grievance redress mechanisms to ensure corrective actions can be taken.
The anti-LGBTQ law in Uganda has been widely criticized by human rights organizations and imposes severe penalties, including capital punishment for certain LGBTQ-related activities.
The U.S. had also imposed travel restrictions on Ugandan officials in response to the legislation.
Despite suspending financing, the World Bank remains committed to assisting Uganda’s development and helping its citizens escape poverty and improve their lives.
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