They approved the law against homosexuals, they closed the credit taps
The World Bank has announced that it will not make new loans to Uganda, which passed an anti-gay law earlier this year.
According to Euronews news, the statement made by the bank read: “Until further measures are proven effective, no new public funding for Uganda will be presented to our Board of Executive Directors.”
The World Bank sent a team to Uganda after the law went into effect in May and determined that additional measures were needed to ensure projects met the bank’s environmental and social standards.
“Our objective is to protect minorities from discrimination and exclusion in the projects we finance. These measures are currently being discussed with the authorities.
THERE IS EVEN THE DEATH PENALTY
In Uganda, an East African country, a law providing for the death penalty for certain homosexual acts came into force in May.
The law enjoys broad support within the country. Ugandan officials are sticking with the law, despite concerns that partners like the World Bank could withdraw funds because of the law.
Despite the latest decision, the World Bank said it remains “committed to helping all Ugandans without exception lift themselves out of poverty, access vital services and improve their lives.”
The United Nations Human Rights Office declared the law passed in Uganda “brutal and discriminatory” and defined it as “a recipe for systematic violations of the rights” of LGBT people.
Source: Sozcu

Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.