Is World Bank Promoting Financial Equality or Normalizing Homosexuality?

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The World Bank issued a statement withdrawing its funding to Uganda and cited Uganda’s passing of the Anti-Homosexuality Act 2023 as one of the reasons for the withdrawal.

“No new public financing to Uganda will be presented to our board of executive directors until the efficiency of the additional measures has been tested; our goal is to protect sexual and gender minorities from discrimination and exclusion in the projects we finance.” A World Bank statement was read in part.

The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.

The World Bank’s functions are to reduce poverty by lending money to the governments of its poorer members to improve their economies and the standard of living of their people. It plays a central role in overseeing economic policy, reforming public institutions in developing countries, and defining the global macroeconomic agenda.

However, the World Bank has taken sides on the matter of homosexuality by blackmailing Uganda on behalf of the United States, which has been pushing Uganda to embrace homosexuality, to the extent of funding one of the opposition political parties, the National Unity Platform (NUP), to have their agenda imposed on the majority of Ugandans who are saying no to homosexuality, as it goes against their culture and family structure.

Yet arbitration on international disputes is not a function of the World Bank; by holding Uganda at ransom, it has gone against what it stands for.

To end extreme poverty by reducing the share of the global population that lives in extreme poverty to 3 percent.

To promote shared prosperity by increasing the income of the poorest by 40 percent in every country

In all these, nowhere do the World Bank’s functions mention promoting and supporting homosexuality, or as a key requirement for receiving funding. Why has the World Bank now taken over the role of defending homosexuals, mainly in Uganda?

Are we beginning to see the World Bank shifting roles and taking on human rights roles through promoting and supporting homosexuality, and moving away from its core values of marketing and making money to pushing for a vice Uganda has rejected and says will not welcome into its backyard?

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