The Deputy Speaker of Parliament, Thomas Tayebwa, has called on Members of Parliament to remain composed in light of the World Bank’s decision to suspend loan funding to Uganda. Tayebwa, who chaired the House on Tuesday afternoon, emphasized that the nation will not face shutdown due to the recent World Bank stance. He further stated that Uganda is well-prepared and resolute about the decision taken by its Parliament.
Tayebwa addressed the apparent anxiety among MPs, stating, “I don’t know why you’re panicking as if the country is on the verge of shutting down. We made that decision here, fully aware of potential repercussions. We are steadfast and confident in the decision made by the House.”
Acknowledging the anticipation of challenges arising from Uganda’s stance on homosexuality, Tayebwa assured that these challenges will be handled appropriately.
“We foresaw potential threats, but let us maintain our composure. I have seen communication from the President; he indicated that discussions are ongoing with the World Bank, thus there’s no need for alarm,” he emphasized. Tayebwa encouraged the Executive branch to manage foreign relations, including engaging with the World Bank.
He requested the Ministry of Finance to provide Parliament with updates regarding any intentions related to reviewing the national budget.
“Executive, please fulfill your responsibilities, manage foreign relations, engage with the World Bank, and should you require our assistance, we will play our part,” he added.
The State Minister for Finance, Henry Musasizi, revealed that the Ministry had communicated to the Speaker’s office about plans to engage with the Committees on Finance, Budget, and National Economy.
Last week, President Yoweri Museveni accused the World Bank of employing financial means to exert pressure on his administration regarding Uganda’s anti-homosexuality legislation. This statement followed the World Bank’s announcement of suspending new loans to Kampala.
Citing the conflict between Uganda’s Anti-Homosexuality Act and the World Bank’s values, the institution stated that no new public financing would be presented to its board of directors for approval at this time.
President Museveni, who signed the anti-homosexuality measures into law in May, asserted that Uganda’s development would continue with or without loans.
While acknowledging ongoing discussions with the World Bank, the President expressed concern that external pressure could divert Uganda from its faith, culture, principles, and sovereignty.
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