• Advert Rate
Friday, May 9, 2025
  • Login
TVC News
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Health
  • Entertainment
  • Show
    • Election 2023
    • Journalist Hangout
    • Issue With Jide
    • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Cookies Policy
No Result
View All Result
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Health
  • Entertainment
  • Show
    • Election 2023
    • Journalist Hangout
    • Issue With Jide
    • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Cookies Policy
No Result
View All Result
TVC News
No Result
View All Result

World Bank suspends fresh loans to Uganda over anti-LGBTQ law

August 11, 2023
in World News
World Bank suspends fresh loans to Uganda over anti-LGBTQ law
Share on FacebookShare on Twitter

 

The World Bank says it will suspend fresh loans to Uganda due to the country’s contentious anti-LGBTQ law.

The Washington, DC-based lender announced that it will halt project financing while it reviews procedures it implemented to protect sexual and gender minorities from discrimination and exclusion in its projects.

“Uganda’s Anti-Homosexuality Act fundamentally contradicts the World Bank Group’s values,” the lender said in a statement.

“We believe our vision to eradicate poverty on a livable planet can only succeed if it includes everyone irrespective of race, gender, or sexuality.

“This law undermines those efforts. Inclusion and non-discrimination sit at the heart of our work around the world,” it added

The lender will also increase third-party monitoring and grievance redress mechanisms “allowing us to take corrective action as necessary,” it said.

The World Bank Group stated in May that the law was inconsistent with the lender’s ideals and that it was “highly concerned” about its implementation.

With 170 civic groups seeking “specific, concrete, and timely actions,” including the suspension of future funding, World Bank President Ajay Banga, who entered office in June, under pressure to respond to the law.

Human rights organizations have harshly criticized the anti-LGBTQ law, which carries the death penalty for “aggravated homosexuality,” which includes HIV transmission through gay intercourse, and a 20-year prison sentence for “promoting” homosexuality.

In response to the legislation, which was approved by Ugandan President Yoweri Museveni, the US put travel restrictions on Ugandan officials in June.

Museveni, who has described homosexuality as a psychological condition, has dismissed foreign condemnation of the legislation, which he has defended as necessary to prevent the LGBTQ community from attempting to “recruit” individuals.

Next Post
Governor Fintiri Probes Murder Of Abdallah by security agents

Governor Fintiri probes murder of Abdallah by security agents

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

YouTube player
Get Breaking News Alerts on WhatsApp! Subscribe now and never miss an update
ADVERTISEMENT

Headlines

  • Live-Stream
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Entertainment

Shows

  • Issue With Jide
  • Journalist Hangout
  • This Morning
  • TVC Breakfast
  • Today in the news
  • Documentaries

Live TV

  • Windows & Mac
  • iPhone & iPad
  • Android & IOS

App Download

  • Download Android App
  • Download for iOS
  • HOME
  • ADVERT RATE
  • Contact

© 2022 TVC Communications - Owner of TVC News

No Result
View All Result
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Health
  • Entertainment
  • Show
    • Election 2023
    • Journalist Hangout
    • Issue With Jide
    • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Cookies Policy

© 2022 TVC Communications - Owner of TVC News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In