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DonViejo

(60,536 posts)
Thu Feb 27, 2014, 08:30 PM Feb 2014

World Bank delays loan to Uganda over anti-gay law

Source: ASSOCIATED PRESS

WASHINGTON (AP) — The World Bank has postponed a $90 million loan to Uganda over its anti-gay law that has drawn widespread criticism from Western governments, the United Nations and rights groups.

A bank spokesman said Thursday the loan was intended to help the East African nation strengthen its health systems. He said the bank division that lends to the private sector wants to ensure that the development objectives of the project would not be adversely affected by the enactment of the new law.

President Yoweri Museveni signed the bill on Monday, saying he wanted to deter Western groups from promoting homosexuality in Africa. It calls for life in prison for those convicted of engaging in gay sex.

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Read more: http://www.salon.com/2014/02/28/world_bank_delays_loan_to_uganda_over_anti_gay_law/

9 replies = new reply since forum marked as read
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World Bank delays loan to Uganda over anti-gay law (Original Post) DonViejo Feb 2014 OP
The World Bank did the right thing?! KamaAina Feb 2014 #1
KamaAina Diclotican Feb 2014 #2
But has it frozen over? KamaAina Feb 2014 #4
KamaAina Diclotican Feb 2014 #6
Hell, their just reward for doing the work of Satan by the disciples from hell! Yes, haters, RKP5637 Feb 2014 #5
Excellent, I hope all funding is eventually gone! True, some people would be hurt by that, RKP5637 Feb 2014 #3
World Bank should revoke Uganda's loan and call in the loan and make Uganda pay. Timez Squarez Feb 2014 #7
That would be difficult LibertyLover Feb 2014 #8
Good. christx30 Mar 2014 #9

Diclotican

(5,095 posts)
6. KamaAina
Thu Feb 27, 2014, 08:45 PM
Feb 2014

KamaAina

It have been recorded freezing cold weater at Hell in Trøndelag - 35C or like 13-14F a few winters ago.... So yeah - Hell CAN freeze over sometimes.....

Diclotican

RKP5637

(67,108 posts)
5. Hell, their just reward for doing the work of Satan by the disciples from hell! Yes, haters,
Thu Feb 27, 2014, 08:44 PM
Feb 2014

your god works in strange and mysterious ways, and this is just the beginning!

RKP5637

(67,108 posts)
3. Excellent, I hope all funding is eventually gone! True, some people would be hurt by that,
Thu Feb 27, 2014, 08:41 PM
Feb 2014

but LGBT are being irrationally hurt by the ignorant haters for absolutely no reason than pure hatred. We do not need to help fund those qualities of a nation.

 

Timez Squarez

(262 posts)
7. World Bank should revoke Uganda's loan and call in the loan and make Uganda pay.
Thu Feb 27, 2014, 10:04 PM
Feb 2014

That's what I'd do if i was the chairman of the World Bank.

LibertyLover

(4,788 posts)
8. That would be difficult
Fri Feb 28, 2014, 10:21 AM
Feb 2014

Loan agreements have specific Events of Default clauses in them that set out in detail things that can cause a loan acceleration - i.e. canceling the loan and requiring immediate repayment. I have never seen 'country enacts harsh and discriminatory law' as an Event of Default.

christx30

(6,241 posts)
9. Good.
Sat Mar 1, 2014, 12:37 AM
Mar 2014

Now let's get them to stop funding countries that treat women and ethnic/religious minorities like crap.
Thus isn't sarcasm. If we can't appeal to the humanity of these people to change their cultures, maybe if we start starving them, we can do it.

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