In a late-night message to Ugandans posted on social media, President Yoweri Museveni assured Ugandans that their country will develop with or without loans from development partners like the World Bank.
The President was reacting to the decision by the World Bank to stop lending to Uganda because the Anti-Homosexuality Act recently enacted fundamentally contradicts the World Bank Group’s values.
In a statement dated August 8, 2023, in Washington, USA, the World Bank said “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.”
The decision by the global lender riled many Ugandans including President Museveni who described the action by the World Bank as unfortunate. In a move to extend confidence to Ugandans, the President said things are moving well in Uganda in spite of the corruption in the country.
He said he was alerted of the suspension of the aid when an official from the World Bank rang him.
He noted that ‘it is 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, he said, adding: “We do not need pressure from anybody to know how to solve problems in our society. They are our problems,”
He, however, said the government is continuing to talk with the World Bank so that they avoid this diversion if possible.