28 February 2014

Uganda: World Bank Shelves $90m Loan to Uganda Over Anti-Gay Bill

The World Bank has postponed a $90 million loan to Uganda's over President Yoweri Museveni's signing of the tough anti-homosexuality law.

Norway and Denmark have said they are also cutting aid to Uganda because of the law and the U.S. is "reviewing ties".

The blocked World Bank money was to go to the health sector's maternal health, newborn care, and family planning projects.

The World Bank's executive board had been set to approve the Ugandan health project on Feb.27.

The World Bank's $1.56 billion portfolio on projects in Uganda has so far not been touched.

Copyright © 2014 The Independent. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.