Bankrolling Iran

[Washington Post] Mark Kirk - - Both the UN Security Council and the International Atomic Energy Agency have found Iran in breach of its obligations under the nuclear Non-Proliferation Treaty. The IAEA reports that Iran ignored the Security Council's February deadline to stop enriching uranium and has even expanded its nuclear program. As Iran's Atomic Energy Organization moves toward its announced goal of operating 50,000 uranium enrichment centrifuges in Natanz, the World Bank is funding nine government projects in Iran totaling $1.35 billion - one of which operates in Isfahan, where Iran's nuclear program is headquartered. 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 Hizbullah and Hamas, and defies Security Council resolutions, the bank's board will approve further Iran disbursements. The writer is a Republican congressman from Illinois.

2007-08-10 01:00:00

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