Thursday, February 27, 2014

After antigay legislation; Ugandan shilling falls sharply against dollar; Norway, Denmark pull gov't aid

Uganda's ultra-criminalization of its gay citizens — and of heterosexuals who fail to report them — will cost it significantly.
     Norway is withholding aid, Denmark says it will redirect assistance to private industries, and the Swedish Finance minister is reconsidering his country's foreign aid to Uganda. Standard & Poors cut Uganda's credit rating last month over concerns that the nation's deficits will widen after spending increases without support from donors including the World Bank, Britain and Ireland, which already suspended support in 2012 over corruption. About 1/5 of Uganda's budget comes from such donors

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