Uganda will develop with or without loans- Museveni responds to funding suspension

On Tuesday, the World Bank in a statement announced suspending the financing to Uganda terming the Anti-LGBTQ law as one that contradicts the lenders' values.

"Uganda's Anti-Homosexuality Act fundamentally contradicts the World Bank Group's values. No new public financing to Uganda will be presented to our Board of Executive Directors until the efficacy of the additional measures has been tested."

President Museveni assented the Anti-Homosexuality bill into law in May this year and has drawn a lot of criticism from across the globe.

The act considered one of the harshest imposes the death penalty for so-called 'aggravated homosexuality', which includes having gay sex when HIV-positive, and a 20-year sentence for 'promoting' homosexuality.