World Bank halts new loans to Uganda over anti-gay law

The World Bank is pausing approval for new public finance projects in Uganda over the country’s adoption earlier this year of a widely criticized bill criminalizing same-sex conduct.

“Uganda’s Anti-Homosexuality Act fundamentally contradicts the World Bank Group’s values,” the development lender said in a statement Tuesday, adding that “no new public financing,” would be presented to the bank’s board of directors for approval for the time being. ---More...