Uganda President Defiant Over World Bank Funding

Summary:

• World Bank suspends new funding for Uganda over anti-LGBTQ law.
• President Moussivini asserts Uganda's resistance to foreign pressure and commitment to reducing borrowing.
• Existing projects unaffected by funding suspension; oil production anticipated to bolster revenue.
• Global criticism of anti-LGBTQ law clashes with domestic support and cultural considerations.
• President Moussivini hopes for World Bank's decision reconsideration.

Uganda's president, Diowari Moussivini, denounced the World Bank's decision to suspend new funding in response to a harsh anti-LGBTQ law, stating that Uganda would not give in to pressure from foreign institutions.

World Bank Suspends Funding

The World Bank announced its decision to suspend new funding in Uganda due to the controversial anti-LGBTQ law that enforces the death penalty for certain same-sex acts. The bank cited a contradiction of values and expressed the need to ensure non-discrimination in funded projects.

Global Condemnation and Domestic Support

The anti-LGBTQ law, enacted in May, has faced criticism from both local and international rights organizations as well as Western governments. Despite this global denunciation, the law remains popular within Uganda, sparking debates about cultural values and human rights.

Moussivini's Defiance

President Moussivini responded to the World Bank's decision, asserting Uganda's commitment to reducing borrowing and resisting foreign pressure. He expressed his disappointment with attempts to influence Ugandan faith, culture, and sovereignty through financial means, emphasizing the resilience of the African people.

Existing Portfolio and Future Prospects

Although new funding will be paused, the World Bank maintains an existing project portfolio worth $5.2 billion in Uganda. Moussivini indicated that ongoing projects would not be affected by the funding suspension. He highlighted the nation's potential to explore alternative borrowing sources and pointed to the anticipated revenue boost from oil production starting in 2025.

Hopes for Reconsideration

President Moussivini concluded by expressing hope that the World Bank would reconsider its decision, leaving room for potential future collaboration.

Despite Uganda's president standing firm, the suspension of World Bank funding adds complexity to the ongoing debates surrounding human rights, cultural values, and international relations.