Belgian researcher reveals role of World Bank, IMF, and European Banks in preparation of Genocide against the Tutsi

By Esther Muhozi
On 31 March 2024 at 01:51

A Belgian researcher, Pierre Galand, has revealed the involvement of the World Bank, the International Monetary Fund (IMF), and other European banks in the planning of the Genocide against the Tutsi in 1994.

He announced that he obtained this information from various documents and also from his personal observations while he was leading a United Nations team tasked with investigating the Genocide against the Tutsis.

During a conference held in Brussels, Belgium, on March 29, 2024, focusing on the planning of the Genocide, Galand explained that the World Bank and European banks provided financial support to the government of Juvénal Habyarimana for purchasing weapons in 1990.

This annual conference was organized by the Socialist Party and the IBUKA organization, which advocates for the interests of the survivors of the Genocide against the Tutsi. Attendees included Rwandans living in Europe, university professors, and representatives of non-governmental organizations.

As explained by the BBC, the researcher stated, "Approximately one billion US dollars from the World Bank’s mission in Rwanda was given to the Rwandan government in the early 1990s to purchase weapons used during the Genocide."

Galand highlighted that this support was significant because, since 1990, the military was allocated 50% of the country’s total budget, which significantly strengthened it before 1994.

Since the Rwandan government at that time was under an arms embargo, Galand explained that the World Bank and the IMF chose to channel this support through BNP Paribas Bank in France and Lambert Bank in Belgium.

He said, "BNP Paribas Bank in France and Lambert Bank in Belgium were the channels used for the money to buy weapons used in the Genocide because Rwanda was under an embargo on purchasing weapons, and it’s no secret because we have the documents to prove it."

Regarding BNP Paribas, Galand explained that the documents showing its involvement are being used to sue it in court to compensate the victims of the Genocide against the Tutsi.

The Genocide against the Tutsi was perpetrated by soldiers, the Interahamwe militia, and politicians. From April 7 to July 4, 1994, it claimed the lives of over one million people.

Researcher Galand suggests that victims of the Genocide should be be given compensation