World Bank Warns Uganda That Foreign Agent Bill Hinders Work
The World Bank warned Uganda that a new bill regulating foreign funds could criminalize routine development work. The lender says the law hinders its projects.
Xurve View
Xurve View
The World Bank warned Uganda that a proposed law regulating foreign funding will obstruct its $4.57 billion project portfolio. The legislation requires any recipient of international funds to register as a foreign agent or face prison sentences of up to 20 years and fines of as much as 4 billion Ugandan shillings ($1.08 million). This friction threatens capital flows into the country following a 2023 lending freeze.
