World Bank cuts off funds to Uganda over anti-LGBTQ+ law (Anti-Homosexuality Act)
The World Bank has cut off new funding for Uganda over the country’s recently enacted anti-LGBTQ+ law, which provides for execution or life imprisonment for same-sex relations.
“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,” said a statement the institution issued Tuesday...
As of last year, the bank had lent $5.4 billion to Uganda through its International Development Association. Funds that have already been approved will continue to go out even though there will be no new IDA financing, a source told Reuters.
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