Sign Of Things To Come - World Bank Debanks Uganda Over Conservative Laws

News Image By Ben Johnson/The Washington Stand August 30, 2023
Share this article:

A growing number of Christians who believe in traditional morality are finding themselves without financial services, both in the U.S. and around the world, as Western leaders engage in "insufferable" actions that resemble secular "religious fundamentalists who are intolerant of other faiths."

Globally, the World Bank decided to cut off all new funding for Uganda over a bill that outlaws homosexual child molestation, knowingly having sex with others while carrying the AIDS virus, and drugging or coercing vulnerable people into nonconsensual gay sex -- acts the bill describes as "aggravated homosexuality." At home, a U.S. bank canceled the bank accounts of a Christian charity that carries out philanthropy in Uganda and the U.S. church that financially supports it.

Engaging in same-sex relations has long been illegal in Uganda, as in at least 30 of Africa's 54 nations, but the penalties increased thanks to the Anti-Homosexuality Act signed on May 29. The World Bank announced this month it will not approve any future funding until the nation comes into "alignment with our environmental and social standards," or ESG policies. "These measures are currently under discussion with the authorities."

"Inclusion and non-discrimination sit at the heart of our work around the world," said the taxpayer-funded global financial institution.

The nation's leader, who describes himself as a born again Christian, refused to bow to international pressure. "Some of these imperialist actors are insufferable," said Ugandan President Yoweri Museveni, who compared secular-progressive international bankers to "religious fundamentalists who are intolerant of other faiths." 

It is "unfortunate that the World Bank and other actors dare to want to coerce us into abandoning our faith, culture, principles and sovereignty, using money. They really underestimate all Africans." His words echo those of Pope Francis, who said in March, "Gender ideology, today, is one of the most dangerous ideological colonizations." Political commentator Jim Jatras called the top-down imposition of Western sexual morés "rainbow fascism."

Museveni obliquely referenced these setbacks in a warm message to last week's BRICS summit, a global financial consortium aligned with the People's Republic of China.

Rejection of homosexuality, as well as Western blackmail aimed at advancing the LGBTQ agenda, is widely shared throughout Uganda. Museveni's rival, National Unity Party leader Bobi Wine, wrote, "It's disturbing how institutions like these ones give priority to only gay rights and ignore all the other gross human rights violations."

The World Bank had made $10 billion in loans to Uganda between 1963 and 2020, and it currently has a $5 billion portfolio in the country. Projects currently funded will not lose their financing, but future projects cannot receive financing. Critics across the political spectrum say such boycotts will disproportionately hurt the poorest people, while likely doing little to change the policy, which they acknowledge has the overwhelming support of the population.

"Unfortunately, the World Bank manages to find time to bully poor nations like Uganda that reject its sexual imperialism. The American people don't support this agenda," Chris Gacek, coalitions senior research fellow at Family Research Council, told The Washington Stand. "Uganda should run, not walk, at the approach of anyone from the World Bank or the International Monetary Fund (IMF). 

These organizations are designed to ensnare such nations in a web of debt repayments that makes them vulnerable to Western diktats. It is long past time for the Congress to scale back our spending on these institutions."

Despite its decision to tie financial services to its progressive worldview, the World Bank funded numerous Marxist dictatorships in the past. The World Bank doled out Western dollars to repressive communist nations including Hungary, Poland, Romania, Vietnam, and Yugoslavia during the height of Soviet imperialism in the 1970s and 1980s.

Observers say the bank's largely advance the interests, and social views, of secularist Western leaders and their governments. "In real terms, the [World Bank] is firmly under the control of the U.S. government which negotiates, with the governments of other major capitalist powers, the policies to be followed within the World Bank, and under its leadership," wrote French historian and political scientist Éric Toussaint.

Sanctions, long promised to trigger regime change in nations around the world, often galvanize support behind the leader while hurting those at the bottom of the socioeconomic ladder. "If the World Bank is trying to advocate for queer people, then pushing them further into poverty while withholding life-saving healthcare, infrastructural and entrepreneurial support hardly seems the way to do it," said one far-Left African writer.

"American taxpayers fund largely irrelevant international organizations like the World Bank -- a relic of the post-World War II era -- under the false notion that it serves the good of the people in less wealthy countries," Gacek told TWS. "Nothing could be further from the truth."

An American church and its associated charity face a similar financial shutdown. Bank of America closed the bank accounts of Indigenous Advance, a charity that serves the poor and vulnerable in Uganda, as well as a Memphis-based church that financially supports its work.

"Upon review of your accounts, we have determined you're operating in a business type we have chosen not to service at Bank of America," read a letter sent to the charity on April 30. The bank subsequently stated aiding the mission "no longer aligns with the bank's risk tolerance."

"It's obvious they're trying to reverse-engineer" a rationale for their actions, Alliance Defending Freedom senior counsel Jeremy Tedesco told Fox Business Channel's "The Bottom Line," but "none of them stands up to the simplest scrutiny." Tedesco noted the ministry "serves poor people in some of the most impoverished areas of the world, digs wells for them, provides them education, food, and clothing."

"There's a ton of pressure through ESG activism to debank people that the political Left disagrees with," Tedesco said. "These reputational risk policies that permeate the banking industry are a huge risk. The Obama administration used them in Operation Chokepoint to push out industries that were disfavored by political actors. And they're still on the books, and the threat is still there."

"Americans are rightly fearing they could lose their bank accounts, because of their political or religious views," said Tedesco.

Originally published at The Washington Stand - reposted with permission.

Other News

November 25, 2023Greatest US Threats: Preppers Reveal Insights With New Survey

Millions of Americans are preparing for existential threats which could cause the complex systems that we depend upon on a daily basis to ...

November 25, 2023America Shouldn't Let Hamas Bargain Its Way To Victory

If Washington pressures Israel not to resume the fighting and to make subsequent deals for more halts to the Israel Defense Forces' operat...

November 25, 2023Christian Churches Are Facing A Choice: The Cross Of Christ Or The Rainbow Flag?

In the coming decade, every single church still calling itself Christian will face a choice: Do we follow Scriptural revelation, or the Se...

November 25, 2023What Does Osama bin Laden’s Viral Moment On TikTok Mean For America?

Today's teenagers have no memory of 9/11 or the United States' difficult war against al-Qaeda. Sadly, public schools cannot be trusted to ...

November 21, 2023Will This Time Of War In Israel Pave The Way For A Time Of Counterfeit Peace?

This is, undoubtedly, a time for war, as Netanyahu says, but peace will eventually come according to God's Word. It will be a false, tempo...

November 21, 2023A Tale Of Two Athletes

The contrast between Cousins and Rapinoe is clear. When faced with a serious injury, unable to perform on the field, one questions God's e...

November 21, 2023After School Satan Clubs - This Godless Movement Shouldn't Be Ignored

Their goals are simple: Tell children there is no God, there is no such thing as hell, and the devil is not real. After-School Satan Clubs...

Get Breaking News