By AFP President Yoweri Museveni on Wednesday accused the World Bank of using money to try to “coerce” the government over its controversial anti-gay legislation. His comments followed an announcement by the US-based global lender on Tuesday that it was suspending new loans to Uganda over what is considered among […]
A section of Members of Parliament has strongly criticized World Bank’s move to pause approval for new public finance projects for Uganda following the country’s move to criminalise same-sex relationships. In a statement issued on Tuesday, the Bank said Uganda’s Anti-Homosexuality law contradicts its values. “Uganda’s Anti-Homosexuality Act fundamentally contradicts […]
By Mike Sebalu The government of Uganda is set to discuss its loan portfolio during a global meeting for Finance Ministers and Central Bank Governors at the Commonwealth finance ministers meeting that kicks off today in Washington DC. Facilitated by both the World Bank and International Monetary Fund (IMF), the delegates will discuss […]
