Mick Moore was quoted in a Bloomberg article on the World Bank’s decision to halt new loans to Uganda as a penalty over its new LGBTQI laws. Mick is quoted as saying
“The decision reflects a shift at the World Bank in its approach toward economic growth and development, said Mick Moore, a researcher at the Institute of Development Studies. “The heavy emphases they formerly placed on markets, competition and fiscal conservatism have to some extent given way to an emphasis on equality of all kinds.”
In one example, the World Bank halted funding for projects in Afghanistan after the Taliban took control of the country in 2021. “That was not too controversial internationally. But Bank staff always suspected that they would face much more problematic cases,” Moore said. “The Uganda case is especially problematic, because it left the Bank facing strongly competing political pressures and little scope for finding a compromise.”
You can read the article here.