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August 10, 2023World Bank pulls out its aid to Uganda over anti-gay law
The World Bank has announced it will halt new loans to Uganda over the country’s controversial anti-LGBTQ law.
In a statement released by the Washington-based lender, they 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.”
The World Bank Group will also increase third-party monitoring and grievance redress mechanisms “allowing us to take corrective action as necessary,” it said.
In its statement on Tuesday, the World Bank said it remained committed to providing assistance to Uganda despite its pause on financing.
“The World Bank Group has a longstanding and productive relationship with Uganda; and we remain committed to helping all Ugandans – without exception – escape poverty, access vital services, and improve their lives,” the lender said.
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.
