• by:
  • 2023-08-09
  • Source: Africanews
  • 08/09/2023

The World Bank said it will not consider new loans to Uganda after the East African country earlier this year enacted an anti-gay bill that rights groups and others have condemned.

The World Bank had deployed a team to Uganda after the law was enacted in May and determined that additional measures were necessary to ensure projects align with the bank's environmental and social standards.

"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," the World Bank Group said in a statement on Tuesday.

Source: Africanews
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