ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Towards a Vietnam in the Ganges Delta

 Efforts were therefore made at the Singapore conference to untie the Technical Assistance Fund, but not enough support could be rallied to commit all the donors to untie their contributions. There was some support for the proposal that the Bank should start a scheme to refinance exports from its member nations to increase regional trade. Asian countries were mostly poor and not capable of providing long-term credits for their exports. The Bank, could, according to proposals for the scheme, make payments to the exporting country for the goods it exported and collect the price of the goods from the importing country after the number of years it needed to make the payments/ India also wanted the wealthy, non- regional members of the Bank to announce their contributions to the soft funds for the whole development decade of the 1970s, but no one seemed ready to do that. The US Alternate Governor of the Bank, John Petty, said his country was suffering from "aid fatigue" and would be in no position to make long-term commitments.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top