Hey thanks a lot World Bank, we're trying to isolate these guys and you're going around giving them a $900 million dollar loan. It's not like they have an ocean of oil that they are sitting on a $93 a barrel.
The only silver lining in this whole thing is the fact that this may be able to be turned around.
Mr. Kirk said Mr. Zoellick as president of the bank cannot overrule the bank's stakeholders on its executive board. However, he said that if Mr. Zoellick asked the largest stakeholders again, he would likely find a majority of votes to halt the loans.
"The board has made a decision to spend the money. He does need a decision from the donors. The donors are in order, the Americans, the Japanese, the Europeans and the Saudis. That is by far the center of gravity on the board. With Sarkozy coming to speak before the Congress on Tuesday and clearly a changing view on Iran in Saudi Arabia, I think the board would be open to reconsidering these loans," Mr. Kirk said.
So it's us, the Japanese and the Europeans? We should easily be able to halt these loans to the Iranians.
The loans themselves include a project to improve access to health care for rural Iranians; improvements to Tehran's sewage system; an air and water quality monitoring project; and relief for the Bam earthquake.
Hey, who's to say that these loans won't be used for other projects? How about we cut a check to the developers of the sewage system after it's built for that amount and not a dime more?
The Iranians are up to no good and everyone on the planet except the Chinese and Russians can see it. Loaning them this amount of money is just asking for abuse.
Travis
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