MJ Martin (14
Aug 2007)
"Bankrolling Iran"
http://www.washingtonpost.com/wp-dyn/content/article/2007/08/09/AR2007080901929.html
As the Treasury acts to dry up funding for Tehran, the
World Bank is providing support to the Iranian government through 2010.
As President Mahmoud Ahmadinejad pledges the destruction of Israel, funds
Hezbollah and Hamas, and defies Security Council resolutions, the bank's
board will approve further Iran disbursements. U.S. law requires the American
executive director at the bank to vote against any project for the Iranian
government. However, since the United States has no veto power on the bank's
board, this policy is largely symbolic. We need to do better.