Uganda “does not nee” world bank loans to develop

The President vowed that the world bank and other factors will not coerce Ugandans into abandoning their faith, culture, principles and sovereignty, using money. President Museveni has insisted that Uganda will do with or without the support of the World Bank. In a message on his Twitter handle, Museveni said that an “official from the World Bank rang me to alert me about the statement from that Bank regarding the suspension of any new requests from Uganda for loans.” Many of the loans in the past were carelessly entered into by officials behind my back when they were completely unnecessary. The World Bank has announced it will halt new loans to Uganda over the country’s controversial anti-LGBTQ law. The Washington, DC-based lender said on Tuesday it would pause project financing pending a review of measures it introduced to protect sexual and gender minorities from discrimination and exclusion in its projects. Can a country develop without loans ?