The World Bank pioneered global HIV and AIDS financing early in the emergency and remains committed to achieving Millennium Development Goal 6, to halt by 2015 and begin to reverse the spread of HIV and AIDS, through prevention, care, treatment, and mitigation services for those affected by HIV and AIDS.
Read More »
The economic losses from such discriminatory laws and practices are costly. A study last year found that women’s low economic participation created income losses of 27 percent in the Middle East and N... Show More +orth Africa. The same study estimated that raising female employment and entrepreneurship to male levels could improve average income by 19 percent in South Asia and 14 percent in Latin America.Discrimination based on other factors, such as age, race or sexual orientation, has similarly bad outcomes. Legislation restricting sexual rights, for instance, can hurt a country’s competitiveness by discouraging multinational companies from investing or locating their activities in those nations.These recent anti-gay laws, and many others that have been on the books for years, are acutely ironic. Just 15 years ago, a small band of gay men and women — largely in the United States but also in Europe and parts of Africa — fought with all their intellect, energy and creativity to expand access to treatment for all people with HIV/AIDS. In 2000, just 50,000 people in the developing world received AIDS treatment. Today, largely thanks to the work of these gay activists and others, more than 10 million people are being treated with AIDS drugs — most of them African.At the World Bank Group, we will have a full internal discussion over the coming months about discrimination more broadly and how it would affect our projects and our gay and lesbian staff members. My view is that the fight to eliminate all institutionalized discrimination is an urgent task.After all, the bottom line is clear: Eliminating discrimination is not only the right thing to do; it’s also critical to ensure that we have sustained, balanced and inclusive economic growth in all societies — whether in developed or developing nations, the North or the South, America or Africa. Show Less -