Andrea Shalal and Kanishka Singh – Reuters Aug 9, 2023
WASHINGTON (Reuters) -The World Bank said on Tuesday it would halt new lending to the Ugandan government after concluding that its anti-LGBTQ law, which has been condemned by many countries and the United Nations, contradicts the bank’s values.
In response, the East African country dismissed the move as unjust and hypocritical.
A World Bank team traveled to Uganda immediately after the law was enacted in May and determined that additional measures were needed to ensure projects were being implemented in line with the bank’s environmental and social standards.
“No new public financing to Uganda will be presented to our Board of Executive Directors until the efficacy of the additional measures has been tested,” the bank said in a statement, adding that such measures were now under discussion with Ugandan authorities.
“Uganda’s Anti-Homosexuality Act fundamentally contradicts the World Bank Group’s values. We believe our vision to eradicate poverty on a livable planet can only succeed if it includes everyone irrespective of race, gender, or sexuality,” the bank said.
“We remain committed to helping all Ugandans – without exception – escape poverty, access vital services, and improve their lives.”
World Bank President Ajay Banga, who took office in June after the Ugandan law was enacted, has come under pressure to respond to the Ugandan law. On June 15, 170 civic groups urged Banga to take “specific, concrete and timely actions” in response to the Uganda anti-LGBTQ law, including suspending future lending.
Uganda’s state minister for foreign affairs, Okello Oryem accused the bank of hypocrisy, saying they were lending to countries in the Middle East and Asia that have the same or harsher laws on homosexuality.
“There are many Middle East countries who do not tolerate homosexuals, they actually hang and execute homosexuals, in the United States of America many states have passed laws that are either against or restrict activities of homosexuality … so why pick on Uganda?” he said.
“The World Bank has been put under pressure by the usual imperialists.”
The World Bank had provided $5.4 billion in International Development Association financing to Uganda by the end of 2022, including many health and education projects that could be affected by the new law.
The existing portfolio will continue to disburse funds, even as new lending is put on hold, a World Bank source said.
Private sector projects backed by the International Finance Corporation and the Multilateral Investment Guarantee Agency (MIGA) would proceed only “on a selective basis,” the bank said in a separate note to staff seen by Reuters.
It said the IFC and MIGA would also implement additional measures to “ensure inclusion and non-discrimination as needed.”
So the world’s banking system is based on what a person does with their d**k. It really has gotten this stupid.
list of rothschild banks
https://themillenniumreport.com/2017/02/complete-list-of-rothschild-owned-and-controlled-banks/
It makes no sense that in order to implement the queers’ rights we have to forfeit ours.
Those monkeys who run the UN must be made to pay.
Just think about it people, if the degenerates’ rights are paramount so are ours.
Africans are the staunchest objectors to this non-sense and next are the Muslims and rightly so but it will be the Christians who will be made to pay.
Kuwait has already deported these diseased people from their country but you don’t get to hear about it because they are afraid to criticize the Arabs. In Saudi Arabia homosexual acts are a criminal offense whose penalty is death, again they are afraid of facing the Arabs but they go attack the Africans because they are poor and weak.
It is time we all emulate the decisiveness of the Arabs and run these UN clowns back to some mental asylum where they belong.
“Financing”, funding, “loans”–which is it? The Protocols remarks on the stupidity of governments who borrow when they had the power to raise money from their own people
They shall ask Russia for assistance and they will get a loan.
World Bank is a leftist Globalists Organisation like UN, WHO, BIZ and many others.
You can’t make it up. The Chinese are mid-air as I tap away.
Obviously Uganda needs to start their own ‘funny money’ printing and pay back the WB who have been raping the resources of 3rd world countries for centuries from nothing!!
Well, maybe Uganda doesn’t need the IMF_ _ _ ed? Maybe Uganda will become one of the richest countries in the world? In June 2022, the Ugandan president announced that nearly 32 million tons of pure gold deposits had been discovered in Busia, a city in the east of the country. According to Ugandan media outlet Monitor, President Yoweri Museveni held a State of the Nation address on June 7, 2022 to announce the news. From what I’ve heard, the gold deposits are worth more than US$12 trillion.
“Uganda’s ‘huge’ gold discoveries”
https://www.independent.co.ug/ugandas-huge-gold-discoveries/
It’s probable the people of Uganda are with the government of Uganda on this one. What’s the ‘Woke World Bank Group’ doing interfering where it does not belong?
It’s not illegal to be queer just very odd that folk would be proud to be queer.
Perhaps one is not allowed be queer and proud in Uganda.
So much for this: “Let me issue and control a nation’s money and I care not who writes the laws”….Mayer Amschel Rothschild. Apparently the banking class is now into interfering in a countries laws when it doesn’t suit their elitist agenda to divide and rule.
in old germanic times perverts were killed
by the tribe . seems today some african
nations (+islamic) have a higher standard of
moral than the germans + europeans of today .
could it therefore be justified that white race
disappears ? I think YES !
Soon to be your bank and you once CBDC is the new monetary fiat.
look no one wants to put their kids at risk near perverts
only a satinist comu8nist would do this
the homoseual life style is god awful we used to have them gather in the toilets in the cnetere of twn here cat caling the boys going to school
only those who pretend the UK is natzi would want this
its disgusting
One of the biggest con tricks pulled on the African people is that post-colonial rule gave them control of their own destiny.
Instead of White rulers they just got Black rulers who were bought off by international capital. If I recall John Perkins in, “Confessions Of An Economic Hitman”, the World Bank simply pays off African strongmen to engage in raping their own nations for minerals while dissuading subsistence agriculture. The World Bank is hardly an enabler of local communities. Indeed, Perkins describes the MO has being to make sure that nation gets further into debt while giving hefty backhanders to scum like Mugabe.
Any local protestation is dealt with severely and like in South America, people are regarded as “communists” in order to dehumanise them before liquidation.
In the last couple of years there may have been genuine African leaders. I recall several have been done in regarding the PCR BS and jabs.
The “genius” of the neoliberal model of world governance over the old colonial model therefore is the more immediate persecutors share the same skin colour with the persecuted. I understand that Blacks have often called their own race traitors, “Uncle Toms”, but this is an epithet that has application beyond that of Blacks. As the scamdemic has shown, practically every government worker in the western world could be called a “house negro”.