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World Bank urged to stop Iran funds

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A dozen members of the U.S. House of Representatives signed a letter urging the new World Bank president to stop funding for Iran. The letter, sent Monday, calls on Robert Zoellick to use his influence over the board of directors to end the disbursements, which in fiscal year 2007 totaled $220 million.

The World Bank “is funding nine government projects in Iran totaling $1.355 billion, one of which operates in Isfahan, the headquarters of Iran’s nuclear program,” reads the letter.

As the top contributor to the World Bank, pledging another $950 million, the United States wants the World Bank to take a position that is in line with the U.N. Security Council’s resolutions on Iran.
 

 

 

 

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