The organization halted new financing to nation over harsh anti-LGBTQ law.
-- Academic experts are questioning the role of the World Bank after its decision to halt new loans to Uganda following the introduction of harsh anti-LGBTQ laws in the country.
The World Bank took the decision after meeting with a number of civil society organizations that lobbied for the move, according to a person familiar with the matter, who asked not to be identified without permission to speak publicly. The institution decided to take action on Uganda because while it isn't the only country that has made homosexual acts illegal, its laws are much more strict than any other nation, the person said.
The decision does not affect the Bank’s portfolio of existing loans, valued at around $5.2 billion. LGBTQ staff at the Bank published an internal memo seen by Bloomberg that welcomed the decision and called for “clear and decisive actions against any laws that fundamentally contradict the World Bank Group’s values.
Yet Uganda had clues this was coming. It faced similar dialogue with the World Bank in 2014, when the lender delayed a $90 million loan over anti-LGBTQ legislation, said Fabrice Houdart, a former World Bank senior country officer and researcher at Georgetown University, who advocated for the World Bank to halt its engagement with Uganda this year. The 2014 law was quashed by the country’s constitutional court on the basis of legislative flaws during its enactment.
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