Uganda Secures $2 Billion From World Bank After Funding Freeze

The World Bank will lend more than $2 billion to Uganda, resuming concessional financing two years after halting support to the East African nation over its anti-LGBTQ laws.

The authorities also expect to resume talks with the International Monetary Fund for a new funding program after elections that are scheduled to take place in January, Secretary to the Treasury Ramathan Ggoobi said in a statement on Tuesday.