World Bank halts new lending to Uganda over anti-LGBTQ law

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World Bank halts new lending to Uganda over anti-LGBTQ law
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The World Bank said on Tuesday it would halt new lending to the Ugandan government after concluding that its anti-LGBTQ law, which has been condemned by many countries and the United Nations, contradicts the bank's values.

A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File PhotoWASHINGTON, Aug 8 - The World Bank said on Tuesday it would halt new lending to the Ugandan government after concluding that itsIn response, the East African country dismissed the move as unjust and hypocritical.

"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," the bank said. Uganda's state minister for foreign affairs, Okello Oryem accused the bank of hypocrisy, saying they were lending to countries in the Middle East and Asia that have the same or harsher laws on homosexuality.

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