ADDED ON: 05/18/2023

Uzbekistan needs a new economic approach that includes the LGBTQ+ community

05/17/2023 | EuroNews

Countries that have decriminalised homosexuality have 4.5 times higher rates of foreign direct investment (FDI) than countries that criminalise consensual same-sex relationships, M V Lee Badgett writes. Spring in Samarkand returns flowering trees and vivid colour to the ancient Silk Road trading post, along with some less traditional arrivals this year – officials from the European Bank for Reconstruction and Development (EBRD). The theme of EBRD’s annual meeting in Samarkand is investing in resilience to promote economic stability and growth. Modern bankers have new tools to use to encourage economic growth in Uzbekistan and other countries in Central Asia. One of the least known but potentially powerful tools is promoting the economic inclusion of lesbian, gay, bisexual, transgender, and intersex people (LGBTI) — a strategy increasingly embraced by global financial institutions, development banks, and multinational corporations.


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