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World Bank Vows a Big Loan to Iran
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by dfrankfurter | November 7, 2007 at 12:39 am
448 views | 2 Recommendations | 1 comment
Looks like the World Bank is going to extend $870m in loans to Iran, helping to relieve UN & US embargoes designed to pressure Iran to abandon its nuclear arms program....
WASHINGTON — The World Bank is defying requests from an influential congressman to stall nearly $900 million in loans to Iran.
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at 05:01 on November 7th, 2007
This story highlights the strange machinations of international organisations.
Iran doesn't need the money - it is spending huge amounts on encouraging terrorism around the world, that would be better used to improve the position of its own citizens. The World Bank $900m could also be used in better places to promote peace and human welfare. But the Wiorld Bank is certainly sending a strange signal of support to a regime that is at best problematic.