World Bank sent a letter dated April 23 warning that Uganda's proposed foreign funding law could impede its operations.
The legislation, introduced on April 15, requires Ugandan recipients of foreign money to register as foreign agents and disclose all funds.
World Bank, with $4.57 bn in Uganda, warns bill could expose its activities to liability, fines up to 4 bn shillings or 20‑year prison.
Critics, opposition, NGOs and banks, say the law would restrict fund flows; penalties include fines up to 4 bn shillings and 20‑year prison.