Saturday, February 02, 2008

Radical Islamists receiving money from American taxpayers

Fox News reports that the Mad Mullahs of Iran are receiving US funds through the World Bank's Multilateral Investment Guarantee Agency (MIGA).
The World Bank is using millions of dollars in American taxpayer funds to help Iran build up its industrial and natural gas sectors, FOX News has learned.

This comes at a time when the United States and the United Nations are actively working to discourage the international community from conducting commercial transactions with Iran and its energy sector, in particular.

The World Bank's Multilateral Investment Guarantee Agency (MIGA) provides financial guarantees to secure foreign investments in developing countries, and the U.S. government is one of the agency's largest contributors. U.S. contributions since 2000 have totaled nearly $24 million.
Funding international organizations has its place, but the money has to come with some oversight and strings attached.

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