Western Countries Redirect Uganda Aid After President Signs Anti-Gay Law, Ugandan Currency Plummets

Ugandan President Yoweri Museveni signed a law imposing life sentences for some homosexual acts on Monday. On Tuesday a local paper published a list labeling dozens of people as gay. By Wednesday the country's currency had tumbled more than 2 percent as Western countries denounced the law and made plans to redirect their foreign aid funds. Foreign aid accounts for about 13 percent of Uganda's gross domestic product, according to Shilan Shah, Africa economist at Capital Economics.