WB MAY DEAL WITH NK ISSUE "FROM THE POINT OF VIEW OF ECONOMIC DEVELOPMENT"

DeFacto Agency, Armenia
Dec. 9, 2005

According to the World Bank President Paul Wolfowitz, the WB may try to deal with the Nagorno Karabakh conflict settlement just "from the point of view of social - economic development".

When speaking at the National Press Club in Washington P. Wolfowitz stated the WB's experience on the Balkans testified to the fact that such an approach might yield benefit, as the conflict sides did not deny it, Mediamax reports.

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This is bad. I guess the U.S. is thinking that if you can’t beat them by force, you can enslave them with debt. We need to make sure that the World Bank is not allowed to give loans to this corrupt government. They would do just like Armenia has and misappropriate the funds. What is really sad is that the WB and IMF knows good and well that this is the norm in the part of the world and knowing this, continues to give these loans that the people who are not benefiting, will have to repay. We need to make sure that the people of Artsakh are not subjected to this form of slavery.