[Congressional Record (Bound Edition), Volume 153 (2007), Part 21]
[House]
[Page 29774]
[From the U.S. 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 2 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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