A World Bank team travelled to Uganda immediately after the law was enacted in May and determined that additional measures were needed to ensure projects were being implemented in line with the bank's environmental and social standards.
"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," the bank said. World Bank President Ajay Banga, who took office in June after the Ugandan law was enacted, has come under pressure to respond to the Ugandan law. On June 15, 170 civic groups urged Banga to take"specific, concrete and timely actions" in response to the Uganda anti-LGBTQ law, including suspending future lending.
The World Bank had provided $5.4 billion in International Development Association financing to Uganda by the end of 2022, including many health and education projects that could be affected by the new law.
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Source: ReutersAfrica - 🏆 31. / 53 Read more »
World Bank halts new lending to Uganda over anti-LGBTQ lawWorld Bank halts new lending to Uganda over anti-LGBTQ law: The World Bank said on Tuesday it would halt new lending to the Ugandan government after concluding that its anti-LGBTQ law, which has been condemned by many countries and the United Nations,…
Source: SABreakingNews - 🏆 41. / 51 Read more »