World Bank postpones $90M Uganda loan over anti-gay law

The World Bank on Thursday said it postponed a $90 million loan to Uganda's health system over a law that toughened punishment for gays, an unusual move for an institution that usually avoids wading into politics.

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“We have postponed the project for further review to ensure that the development objectives would not be adversely affected by the enactment of this new law,” World Bank spokesman David Theis said in an email.

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Read more at gmanetwork.com

The financial grip is tightening around Ugandan government, countries stopping aid funding and now the World Bank. During the last week Ugandan Aid has been reduced with millions of £. And Ugandan government says they are “no need for any aid”, so countries should believe them and cancel all checks.

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