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AfricaNews360 > Politics > Ugandan president hits out again at ‘insufferable’ World Bank
PoliticsTop Stories

Ugandan president hits out again at ‘insufferable’ World Bank

President Yoweri Museveni has once again criticised the World Bank’s withdrawal of funding, saying that the organisation is mistaken if it thinks that the move will intimidate Ugandans, he says the bank's actions have intimidared some of Uganda's allies in the West soe of some Western allies are now intimidated as result

Posted Africanews360 August 18, 2023 2 Min Read
Updated 2023/08/18 at 11:04 AM
Uganda’s President Yoweri Museveni/X
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Uganda’s President Yoweri Museveni has once again criticised the World Bank’s withdrawal of funding, saying that the organisation is mistaken if it thinks that the move will intimidate Ugandans.

In a statement posted on his X (now Twitter) account on 17 August, Mr Museveni branded the World Bank as “shallow and insufferable imperialist actors who do not know where to stop”.

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Last week, the World Bank suspended funding to Uganda because of a controversial anti-homosexuality law passed in May, which contradicted World Bank’s values.

The law has drawn global criticism for its harshness, including penalties of imprisonment or death for individuals who engage in certain same-sex acts.

In response to the World Bank last week, Mr Museveni accused it of trying to coerce Uganda to reverse the law by halting funding, but added that Uganda would continue to develop even without the World Bank’s support.

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On Thursday, Mr Museveni reiterated that the withdrawn funding would not deter Uganda’s economic transformation. He added that World Bank’s drastic move would, in fact, aid Uganda’s bid to reduce external debt and become more self-reliant.

Mr Museveni said Uganda still has several Western allies, but said they were intimidated about continuing support for Uganda.

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TAGGED: Uganda, World Bank, Yoweri Museveni
VIA: BBC
Africanews360 August 18, 2023
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