• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, June 17, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

World Bank Denies Uganda Loan Over LGBTQI Law

August 9, 2023
Stephen M.Cby Stephen M.C
in Around the Globe
0
World Bank Denies Uganda Loan Over LGBTQI Law

World Bank halts new loans to Uganda over anti-LGBTQ law.

The world’s highest banking body has denied to serve the Republic of Uganda with loan packages, due to Kampala’s imposition and implementation of the newly passed LGBTQI law, which received an outright condemnation from the right-wing western nations and international institutions.

The Ugandan anti-LGBTQ law stipulates death penalty for “aggravated homosexuality,” thus, having gay sex with someone who is HIV positive, and 20-year incarceration for “promoting” homosexuality materials.

The bill however, received widespread support from the citizens of Uganda.

RelatedPosts

UN Slashes Aid Appeal Amid Global Crisis

Starvation Looms as Global Crises Collide

Global Displacement Hits 123 Million, UNHCR Reports

LGBTQI World Bank
The World Bank has called on the Ugandan government to review its anti-LGBTQ bill.

As a show of support to the LGBTQI communities, the bank announced that, it has ceased providing funds to undertake developmental projects. It also demanded Kampala to review the law and make it a priority that, sexual and gender minorities are shielded from bias and marginalization in its policies.

“Uganda’s Anti-Homosexuality Act fundamentally contradicts the World Bank Group’s values. 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.”

World Bank.

Moreover, the World Bank disclosed that, it had taken notice of its complaint redress act, and has reviewed to strengthen to address similar unforeseeable issues.

The bank also stated that, it has improved its third-party surveillance process, “allowing us to take corrective action as necessary.”

The Bank in May admonished the Kampala administration to reconsider addressing the issues raised by human right activists. It added that, the law is in contradiction to the bank’s ideals and that, it was “highly concerned” about the implementation of the law.

Ajay Banga
Ajay Banga, World Bank Director.

As he assumed the position of the new Director of World Bank, Ajay Banga was faced with pressure from about 170 human right groups, urging him to take “specific, concrete, and timely actions” such as blocking the funding for future projects.

In spite of its borrowing suspension, the World Bank emphasized in a press release that, it would still be dedicated to helping Uganda, most especially the marginalized minorities.

“The World Bank Group has a longstanding and productive relationship with Uganda, and we remain committed to helping all Ugandans without exception escape poverty, access vital services, and improve their lives.”

World Bank.
Ugandas president Yoweri Museveni has claimed western countries were ‘trying to impose their practices on other people

Additionally, Yoweri Museveni has long before the enactment of the new ant-LGBTQI law, termed the act a psychological disorder, which needs medical attention.

Museveni further called a bluff to international condemnations on the legislation, and defended the law as a necessary tool to prevent the LGBTQI community from attempting to “recruit” individuals.  

US Sanctions Ugandan Officials

On the other hand, the United States imposed travel sanctions on some Ugandan members of parliament and the speaker of the Ugandan parliament, as the bill was assented into law by the President of Uganda, Yoweri Museveni.

According to a brief statement issued on June 16, the US Department of State spokesman, Matthew Miller opined that, the sanctions were imposed as a measure to combat graft and infringements of human rights, “including those of LGBTQI+ persons.”

Matthew Miller Spokesman US Department of State
Matthew Miller, Spokesman, US Department of State.

Miller further revealed that, the Department of State has “also updated its travel guidance to US citizens to highlight the risk that LGBTQI+ persons, or those perceived to be LGBTQI+, could be prosecuted and subjected to life imprisonment or the death penalty based on provisions in the law”.

“The United States strongly supports the Ugandan people and remains committed to advancing respect for human rights and fundamental freedoms in Uganda and globally.”

Matthew Miller, Spokesman, US State Department.

Furthermore, US President Joe Biden voiced his disgust over the bill, and labelled the law as “a tragic violation of universal human rights,” as he vowed to stop funding Ugandan projects.

READ ALSO: Shadow Minister Discuss UK-Labour Party And US-Democrats Linkage

Tags: Ajay BangaLGBTQIUgandaWorld BankYoweri Museveni
Please login to join discussion
Previous Post

VALCO Is Lucrative And Opened To Investment- Deputy Lands Minister To Stakeholders

Next Post

Guru Reveals Source Of Feud With Kuami Eugene

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Health Minister Inaugurates Boards of GHS and Ho Hospital, Health, Board
Health

Health Minister Inaugurates Boards of GHS and Ho Hospital

June 17, 2025
Kofi Asare, the Executive Director for Africa Education Watch (Eduwatch)
General News

Eduwatch Boss Pushes for Stiffer Sanctions against Exam Fraud

June 17, 2025
Francis Ahovi on Israel-Iran conflict
General News

Ghana’s Diplomacy Shines Amid Israel-Iran Conflict 

June 17, 2025
COPEC Slams Government Over TOR Neglect and BOST’s Commercial Shift 
Extractives/Energy

COPEC Slams Government Over TOR Neglect and BOST’s Commercial Shift 

June 17, 2025
SamDakus Claims Ghana Doesn’t Have a Movie Industry
Entertainment

SamDakus Claims Ghana Doesn’t Have a Movie Industry

June 17, 2025
Vinicius Jr
Sports

Four Fans Convicted over Hate Crimes against Vinicius Jr.

June 17, 2025
Health Minister Inaugurates Boards of GHS and Ho Hospital, Health, Board
Health

Health Minister Inaugurates Boards of GHS and Ho Hospital

by Silas Kafui AssemJune 17, 2025
Kofi Asare, the Executive Director for Africa Education Watch (Eduwatch)
General News

Eduwatch Boss Pushes for Stiffer Sanctions against Exam Fraud

by Evans Junior OwuJune 17, 2025
Francis Ahovi on Israel-Iran conflict
General News

Ghana’s Diplomacy Shines Amid Israel-Iran Conflict 

by Lilian AhedorJune 17, 2025
COPEC Slams Government Over TOR Neglect and BOST’s Commercial Shift 
Extractives/Energy

COPEC Slams Government Over TOR Neglect and BOST’s Commercial Shift 

by Prince AgyapongJune 17, 2025
SamDakus Claims Ghana Doesn’t Have a Movie Industry
Entertainment

SamDakus Claims Ghana Doesn’t Have a Movie Industry

by Esther Korantemaa OffeiJune 17, 2025
Vinicius Jr
Sports

Four Fans Convicted over Hate Crimes against Vinicius Jr.

by Evans Junior OwuJune 17, 2025
Health Minister Inaugurates Boards of GHS and Ho Hospital, Health, Board
Kofi Asare, the Executive Director for Africa Education Watch (Eduwatch)
Francis Ahovi on Israel-Iran conflict
COPEC Slams Government Over TOR Neglect and BOST’s Commercial Shift 
SamDakus Claims Ghana Doesn’t Have a Movie Industry
Vinicius Jr
[/vc_row_inner]

Recent News

  • Health Minister Inaugurates Boards of GHS and Ho Hospital
  • Eduwatch Boss Pushes for Stiffer Sanctions against Exam Fraud
  • Ghana’s Diplomacy Shines Amid Israel-Iran Conflict 
  • COPEC Slams Government Over TOR Neglect and BOST’s Commercial Shift 
  • SamDakus Claims Ghana Doesn’t Have a Movie Industry
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

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
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.