1 Interview between Jonathan Sanford and a Treasury Department official in 2003. Order Code RS22704Updated January 28, 2008The World Bank and IranMartin A. Weiss and Jonathan E. SanfordForeign Affairs, Defense, and Trade DivisionSummarySeveral laws restrict U.S. support for World Bank lending to Iran. Despite U.S.opposition, the World Bank has provided loans to Iran on several occasions over the pastfive years, and disbursements on these loans appears to be increasing. Several pieces oflegislation: H.R. 1400, Iran Counter-Proliferation Act and S. 970, Iran Counter-Proliferation Act of 2007 would cut future U.S. funding to the World Bank if the Bankmakes new loans to Iran. This report will be updated as events warrant. World Bank and Iran. Before the 1979 Iranian revolution, Iran was an activeborrower from the World Bank. After the revolution, lending stopped and did not resumeuntil 1991. Between 1991 and 1993, seven World Bank projects were approved despitethe United States voting against these projects. The United States has a 16.5% share ofthe World Banks vote, a majority vote is needed to approve loans. Unless it is joined byother like-minded countries, the United States is unab
展开阅读全文