Uganda President Criticizes World Bank for Suspending Loans over Anti-Gay Law

Uganda’s President, Yoweri Museveni, slams the World Bank’s decision to stop providing funds to the country over its anti-lesbian, homosexual, bisexual, transgender, and queer law on Thursday..

Uganda won’t give in to pressure to compromise its culture and values, Museveni added.

According to Reuters, he stated that it is regrettable that the World Bank and other actors “dare to want to coerce us into abandoning our faith, culture, principles and sovereignty, using money.”.

“They really underestimate all Africans,” He said

The World Bank announced on Tuesday that it would halt funding to Uganda due to the nation’s ban on LGBTQ practices.

According to Report those found guilty of violating Uganda’s anti-LGBTQ law face death or life in prison.

Museveni asserted that Uganda could borrow money from other sources if necessary, and that the start of oil production, which is anticipated for 2025, would bring in additional funds.

The anti-LGBTQ law in Uganda has drawn critics from people all over the world.

In response to the law, the United States restricted visas for some Ugandan officials in June. A review of U.S. policy on assistance to Uganda was also ordered by President Joe Biden Reuters reports.

In Uganda, the World Bank currently manages a portfolio worth $5.22 billion.