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World Bank Suspends New Funding for Uganda

by Rogers Atukunda
August 9, 2023
World Bank Suspends New Funding for Uganda

World Bank on glass building. Mirrored sky and city modern facade. Global capital, business, finance, economy, banking and money concept 3D rendering animation.

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WASHINGTON, August 8, 2023—The World Bank has suspended new funding for Uganda citing the anti-homosexuality law.

“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,” said the World Bank Group in a statement.

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Immediately after the law was enacted, the World Bank deployed a team to Uganda to review its portfolio in the context of the new legislation.

“That review determined additional measures are necessary to ensure projects are implemented in alignment with our environmental and social standards. Our goal is to protect sexual and gender minorities from discrimination and exclusion in the projects we finance. These measures are currently under discussion with the authorities.” 

The bank said no new public financing to Uganda will be presented to its Board of Executive Directors until the efficacy of the additional measures has been tested.

“Third-party monitoring and grievance redress mechanisms will significantly increase, allowing us to take corrective action as necessary.”

“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,” added the statement.

Tags: Anti-Homosexuality ActFunding to UgandaSoftPowerSoftPower NewsTop Uganda NewsUgandaWorld Bank

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