World Bank ready to fund IPI project


ISLAMABAD (PTI) -- Notwithstanding U.S. reservations over the Iran-Pakistan-India gas pipeline, the World Bank has described it as a win-win deal and expressed readiness to fund the seven billion dollar project.

Evincing interest in financing the project, World Bank's Vice President Praful Patel told reporters here that the WB has not been approached by Pakistan to this effect formally or informally but the bank was ready to fund it if approached.

"IPI gas pipeline project is a win-win project for Pakistan and India besides being good and quite feasible in catering the energy needs of Pakistan and India," he said.

The bank would give a serious consideration to finance it if approached, he said.

Top United States officials have time and again expressed strong objections over the project.

Patel said if the IPI project materialized, Pakistan would also get the transit fee annually from India, which would play a pivotal role in strengthening its economy. He said the bank also supports the Turkmenistan-Afghanistan-Pakistan (TAP) gas pipeline project. "If Pakistan would come to ask for funding for any of the pipelines, the World Bank would seriously consider extending the funding."


http://www.tehrantimes.com/Description.asp...Cat=9&Num=2

IPI Gas Pipe Line

Honestly I dont trust the World Bank. Its a questionable organization that has no proper oversight and I think its used to keep 3rd world countries from developing independently. Also Wolfowitz is its head and he's one corrupt SOB.

When you go to these so called organisations, you have no choice except to accept the slavery which is associated with conditions that send more then half of money to their experts, analyists and so on, these financing are based on expliotation and unless you have choice not wise to accept.

For pipeline we need around $ 3 Billion and we already have offers from some ME groups, would be batter to consider that and keep WB as a last option.

WHat about the Asian Development Bank...or is that part of the World Bank too? Or why cant we get like a loan from a friendly muslim ally in the Gulf or something.

Do you really believe The World Bank, an American pupet, is ready to finance IPI pipeline. I smell a delaying the project by agreeing to finance to delay and kill the project