World Bank suspends new loans to Uganda over controversial anti-LGBTQ law, Uganda president defiant

The World Bank will not provide new loans to Uganda due to the country's recent anti-LGBTQ law.
The World Bank sent a team to Uganda and determined additional measures were needed to align with their standards before new financing is approved.
The existing $5.4 billion World Bank portfolio in Uganda will continue to disburse despite the new loan suspension.
Uganda's President Yoweri Museveni denounced the World Bank's decision and said Uganda would seek other financing options.
The anti-LGBTQ law has faced widespread criticism from international organizations but enjoys domestic support in Uganda.