• Home
  • About
  • Join Us
  • Contact
93.3 KFM
  • Home
  • Hot Seat
  • News
  • Business
  • Health
  • Sports
  • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • Photo Gallery
No Result
View All Result
  • Home
  • Hot Seat
  • News
  • Business
  • Health
  • Sports
  • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • Photo Gallery
No Result
View All Result
93.3 KFM
No Result
View All Result
Home News

MPs slam World Bank for pausing loans to Uganda

David Mujuni by David Mujuni
August 9, 2023
in News
0
MP Opendi seeks to introduce alcohol control bill

Ms Sarah Opendi. FILE PHOTO

0
SHARES
188
VIEWS
Share on WhatsAppShare on FacebookShare on Twitter

A section of Members of Parliament has strongly criticized World Bank’s move to pause approval for new public finance projects for Uganda following the country’s move to criminalise same-sex relationships.

In a statement issued on Tuesday, the Bank said Uganda’s Anti-Homosexuality law contradicts its values.

“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. 

Tororo District Woman MP, Sarah Opendi says the Bank’s move to block funds to Uganda is unfortunate, explaining that the law was passed to block what she termed as ‘promoting a vice that is not Ugandan’. 

“It is extremely unfortunate that the Bank, whose major function is to give loans to countries in need of finances can tag a law that is made by majority of Ugandans to the loan,” Opendi said. 

Kilak South MP, Gilbert Olanya says unlike in the past when Uganda used to depend on World Bank alone for financial support, the country will turn to other countries for loans. 

“Nowadays, we have so many countries [offering loans], we have China, India, the Arabs world… so the World Bank should not think that they are the only source of funds,” said Olanya. 

On the other hand, Karim Masaba, the Mbale City (Industrial division) legislator says Ugandans should brace themselves for the worst following World Bank’s move to halt the loans. He says the country will not be able to get better loan offers before highlighting various projects that the international money lender has been financing. 

 

Tags: Anti-Homosexuality ActMPsWorld Bank
Previous Post

UBTEB results out tomorrow

Next Post

Uganda will develop with or without loans – Museveni

Next Post
Museveni appoints new UPDF Air Force commander

Uganda will develop with or without loans - Museveni

CATEGORIES

  • Business
  • Entertainment News
  • Health
  • HotSeat
  • Lifestyle
  • National News
  • News
  • PHOTO GALLERY
  • Sports
  • World News
How to Fix “Invalid Product Key” Errors on Windows and Office

How to Fix “Invalid Product Key” Errors on Windows and Office

April 2, 2025
Obongi and Yumbe Districts boosted with learning facilities worth more than 2 billion schillings to improve learning outcomes.

Obongi and Yumbe Districts boosted with learning facilities worth more than 2 billion schillings to improve learning outcomes.

March 25, 2025
Govt to introduce cashless transport system

Practicability of competency-based learning

February 26, 2025
93.3 KFM

Kampala's #NumberOne radio station for better information and the best music ! KFM is a subsidiary of Nation Media Group;
@NationMediaGrp

© 2024

No Result
View All Result
  • Home
  • Hot Seat
  • News
  • Business
  • Health
  • Sports
  • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • Photo Gallery

© 2024