If Sanctions Don’t Hurt, They Don’t Work

November 5, 2007

Unless you’re the World Bank that is – it plans to ship almost $1 billion to the Mullahs for “humanitarian and development purposes”. That’ll speed up their nuke program nicely.

The World Bank is defying requests from an influential congressman to stall nearly $900 million in loans to Iran.

Earlier this year, the president of the World Bank, Robert Zoellick, who before taking that office served in a top Bush administration foreign policy post, declined a privately made request from Rep. Mark Kirk, a Republican from Illinois, to suspend the loans. World Bank spokesmen told The New York Sun that the bank will go ahead with the loans.

A spokesman for the World Bank, who asked that his name not be used, yesterday said, “President Zoellick does not comment on private conversations.”

The spokesman said that the loans to were not forbidden by the two U.N. Security Council sanctions already imposed on Iran. “The bank adheres to the requirements of UN Sanctions frameworks. In relation to, the Security Council resolutions exempt activities by international financial institutions for humanitarian and development.

Back in the 60s, 70s, and 80s, the UN and its fellow travelers promoted disinvestment from South Africa, for example:

University of California…authorized the withdrawal of three billion dollars worth of investments from the apartheid state.

The “apartheid state” included of course all the people that lived there, including the blacks who were now without jobs. The result was devastation of the South African economy – but that was OK because:

The disinvestment campaign, after being realized in federal legislation enacted in 1986 by the United States…is credited as pressuring the South African Government to embark on negotiations ultimately leading to the dismantling of the apartheid system.

The apartheid regime was less obnoxious than the modern Fear States of Iran – the Mullahs oppress most Iranian men and all Iranian women, a larger percentage than the blacks under apartheid. Plus the South Africans, although they had nukes, weren’t committed to using them on a neighbor.

So if the World Bank really wants to help the oppressed Iranians, and avert the upcoming MidEast nuclear war, it must pull the plug on all aid to the Mullahs.

If it won’t do that, the US should pull out of this rotten institution.