Sunday, December 12, 2010

World Bank Disavows Soros Cooperation on Marijuana

Despite George Soros’ call for collaboration with the World Bank to “legalize, regulate, and tax marijuana production on Haiti’s central plateau,” the plan does not have the support of the international financial institution.

Soros made the claim while addressing the opening plenary of the Haiti Reconstruction Conference in Miami, FL. In his opening statement, he also mentioned partnering with the dictator of the socialist Venezuela, Hugo Chavez, on Haiti reconstruction. (Read Glenn Beck’s comments on the issue.)

“George Soros has a wild imagination,” World Bank representative Dhruv Malhotra told Fox News. “He is an old man with too much time on his hands.”

The World Bank, International Monetary Fund, and the Inter-American Development Bank – which were not allowed to address the audience at the opening session – released a joint communiqué recommending a three-fold approach to “improving coordination of reconstruction actitivies and building the long-term capacity of the Haitian government.”

The communiqué recommends sector-wide approaches (SWAps) to development to minimize project overlap, a sequenced handover of project implementation to the Haitian government, and a larger share of bilateral donations to be directed through the Haiti Reconstruction Fund.

Carolyn Edelstein, another World Bank delegate at the conference, confirmed that marijuana production is not in line with these objectives and has absolutely no support in their organization.

“No way, no how,” she said, before joining her colleagues for lunch.

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