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

The World Bank has halted approval for new public finance projects in Uganda over the country’s adoption of a widely criticised bill crimin@lising same-s+x conduct.

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.

Join our Telegram and WhatsApp channels for more betting tips and viral news.

READ ALSO:  Scoring 25% of votes in FCT not mandatory to win Presidential election – Supreme court rules, says non-transmission on IReV didn’t affect outcome of poll

This law undermines those efforts. Inclusion and non-discrimin@tion 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.