Tracking Number: 176798
Title: "US Opposition to Iranian Loans Required by Law." The US is required by law to vote against loans from international financial institutions to any country on the State
Department's list of countries that support terrorism, which includes Iran. (910319)
Date: 19910319
Text:
*ECO204
03/19/91 * HECONOMIC HIGHLIGHTS, TUESDAY, MARCH 19 SH(World Bank loan to Iran) (120)
SU1U.S. OPPOSITION TO IRANIAN LOANS REQUIRED BY LAW
TWashington -- The United States is required to vote against loans from international financial institution to any country on the State Department's list of countries supporting terrorism, which includes Iran, the department said March 19.
On March 14, the World Bank executive board approved a $250 million loan to Iran for use in reconstruction of areas destroyed by last year's earthquake. Only the United States voted against the loan.
The State Department said that, consistent with other provisions of U.S. legislation, the United States provided disaster relief assistant to Iran following the June, 1990 earthquake.
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