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World Bank freezes loans to Uganda because of anti-gay laws. But it doesn't mean it's becoming a human rights watchdog

Summary by Ground News
The World Bank has 189 member states as shareholders. It funds development projects and programmes in member states that have annual per capita incomes below about US$12,535. The member states elect a Board of Executive Directors that oversees the Bank's operations and approves all its loans. The Bank's Articles of Agreement stipulate that it cannot base its decisions on political grounds.

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The Conversation broke the news in on Wednesday, August 16, 2023.
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