Anti-LGBTQ Law: Uganda’s President Criticizes World Bank’s Decision to Suspend Loans
Uganda’s President Yoweri Museveni has expressed his displeasure at the World Bank’s action to stop lending money to the country. The reason for this move was Uganda’s enactment of a law that criminalizes LGBTQ activities. Museveni asserted that Uganda would not compromise its cultural and religious beliefs for financial gain.
He stated, “It’s regrettable that the World Bank and other parties have the audacity to try to force us to give up our faith, culture, principles and sovereignty, using money,” according to Reuters. He also added, “They have a very low opinion of all Africans.”
World Bank’s Decision and Global Backlash
The World Bank announced on Tuesday that it would suspend its funding to Uganda because of the country’s law against LGBTQ practices. The law imposes harsh punishments for anyone found guilty of LGBTQ acts, including life imprisonment and death.
The law has sparked outrage from the international community. The United States has taken steps to sanction Uganda for its violation of LGBTQ rights. In June, the U.S. imposed visa bans on some Ugandan officials as a sign of protest. President Joe Biden also ordered a review of U.S. aid to Uganda, Reuters reports.
The World Bank has a portfolio of $5.2 billion in Uganda.
President Museveni Remains Confident
Despite the financial challenge posed by the World Bank’s suspension, President Museveni remains optimistic. He said that Uganda could borrow from other sources if necessary and that oil production expected to start by 2025 would provide additional income.
Uganda’s anti-LGBTQ law continues to be a source of controversy and debate, with countries and organizations reevaluating their relations with the East African nation.
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