Sunday, November 4, 2007

World Bank Cuts Aid to Iran

According to the New York Times, the World Bank has suspended $5.4 million in earthquake and other humanitarian aid to Iran due to US Sanctions. Fettered by processes in the United Nations, the US has used its special leverage in the World Bank to impose its will on the Iranian nation. Additionally, the US has barred US dollar transactions with the four largest Iranian banks, in its crackdown on the nation, impacting the World Bank's ability to find other sources for its projects.

For more information on the US role in WB policy in Iran see:

http://www.nytimes.com/2007/11/04/world/middleeast/04sanctions.html?_r=1&ref=us&oref=slogin

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