by Ramon Taylor
Originally published: March 2016
hen the World Bank exerts its influence for lesbian, gay, bisexual and transgender equality, businesses pay attention.
At the “Pride and Prejudice” summit in New York earlier this month, sponsored by the publishing organization The Economist Group, World Bank President Jim Yong Kim explained via teleconference that he would block loans to projects in developing countries that might compromise LGBT rights.
“If something that we support leads to not only discrimination but endangerment, don’t we as an institution have to stand up and say no?” Kim asked.
Kim has already established a record of action in fighting LGBT discrimination, including a 2014 decision to block funding to Uganda after it had passed a severe anti-homosexuality law.