Last Updated on: 15th August 2023, 10:04 am
Kampala I After the World Bank announced it was halting public funding to Uganda over anti-gay Law, Uganda says it’s engaging the America-based lender on the decision.
Also, the country is now looking at different options it can get funding, according to the latest revelation.
Uganda remains defiant to fall to World Bank or the West’s calls to revoke the anti-gay Law, with President Museveni recently saying, “It’s unfortunate that the World Bank and other actors dare to want to coerce us into abandoning our faith, culture, principles and sovereignty, using money. They really underestimate all Africans.”
“We do not need pressure from anybody to know how to solve problems in our society. They are our problems,” Museveni told the World Bank.
Minister hits the West, also
In an interview with NTV on Tuesday morning, Minister of State for Foreign Affairs, Okello Oryem said, “Under the leadership of President Yoweri Kaguta Museveni, Uganda will never succumb to pressure from any individual or state.”
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Also in charge of International Relations, Minister Okello further said, “Uganda doesn’t need to panic. There are alternative options we can borrow from but we also need to reduce our expenditure to survive in this situation.”
Currently, the World Bank has a portfolio of US$5.2b in Uganda which will not be affected by the recent decision.