Kirk-Rothman Letter on World Bank Funding of Iran

1/30/2008

Summary:

Reps. Mark Kirk (R-IL) and Steven Rothman (D-NJ) sent a letter to Secretary of State Condoleezza Rice and Treasury Secretary Henry Paulson calling on them to ensure that the World Bank does not continue granting loans to Iran or guarantees on foreign investment in the country. “Iran stands in breach of two [United Nations Security Council] resolutions and, according to news reports, a third sanctions resolution is near,” the letter states. “Meanwhile, the World Bank staff is undermining the Iran policies of the UNSC, the United Kingdom, France, Germany and the United States by giving technical assistance, loans and investment guarantees directly to the government of President Mahmoud Ahmadinejad.” The letter comes more than six months after twelve House members, including Rothman and Kirk, sent a letter to World Bank President Robert Zoellick calling for a review of the Bank’s Iran policies.

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