[Congressional Record Volume 153, Number 171 (Tuesday, November 6, 2007)]
[House]
[Page H12742]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   WORLD BANK SUBSIDIZING AHMADINEJAD

  (Mr. KIRK asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. KIRK. Madam Speaker, three blocks from our White House, the World 
Bank is subsidizing the administration of Iranian President Mahmoud 
Ahmadinejad. Last year the World Bank cut a $220 million check to the 
Government of Iran. After two U.N. sanctions, the World Bank paid 
another $50 million to Iran in August. According to the bank, they have 
another $820 million on the way. World Bank funding is paid through 
Iran's Bank Mali, which the U.S. Government has now found to be a 
conduit for terrorist financing. Over $5 million of World Bank funds 
are now frozen in Bank Mali's accounts.
  It is hard enough for the United Nations to sanction a country, but 
it has now sanctioned Iran twice. That united voice of the United 
Nations should not be undercut by a $800 million check in funding by 
the World Bank to Iran.

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